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Today General Knowledge(GK)
Which bank has launched India's first sticker-based debit card?
A)
HDFC Bank
B)
ICICI Bank
C)
State Bank of India
D)
IDFC First Bank

Correct Answer : Option (D) - IDFC First Bank



IDFC First Bank has issued FIRSTAP, a sticker-based debit card 24th nov 2022. The launch is in collaboration with the National Payments Corporation of India (NPCI) to facilitate transactions by simply tapping the sticker on a point-of-sale terminal that supports Near Field Communication (NFC).
 
* Sumit Madan, head, retail liabilities and branch banking, IDFC First Bank, on the occasion of the launch said, The launch of sticker-based debit card is in line with the bank’s customer-centric philosophy. 
 
* The number of transactions being carried out via contactless cards are growing fast. As a customer-first bank, we are committed to using contactless technology for frictionless digital transactions.

* With sticker as the form factor in the wearable category, the debit card is convenient to carry around and enables fast check-out.
 
* According to the business, the sticker-based debit card is one-third the size of a traditional debit card, making it usable to a wide range of devices and objects and considerably improving client convenience. Madan went on to say that this form factor has a wide range of applications..

Source : BFSI

Published On : November 25, 2022
Category : Banking
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