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Current Affairs - 2019
An online forex marketplace, BookMyForex and card payment company Visa has partnered with which bank to launch a co-branded multi-currency forex travel card?
A)
SBI Bank
B)
YES Bank
C)
HDFC Bank
D)
ICICI Bank

Correct Answer : Option (B) - YES Bank


An online forex marketplace, BookMyForex has partnered with YES Bank and card payment company Visa to launch a co-branded multi-currency forex travel card that will provide a smooth payments solution to Indians traveling abroad. They can load up to 10 currencies on the card. The forex travel card will be available to Customers on the BookMyForex platform and get doorstep delivery at free of cost across major cities in India. In order to promote the sale over currency notes, the platform will offer zero margin or exact inter-bank rates 24*7 on purchases made through the forex travel card. BookMyForex will also offer modern contactless cards that allow a user to simply tap their card on a POS machine, a must-have feature in countries like UK(United Kingdom) where some merchants only allow contactless payments.

Published On : July 13, 2021
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