New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Cashfree Payments and _______ have come together to

    offer ‘Global Collections’, an international collection service for exporters, who are account holders of Yes Bank in order  to collect payments in over 30 foreign currencies using the Global Collections service. 
    A Axis Bank Correct Answer Incorrect Answer
    B YES Bank Correct Answer Incorrect Answer
    C Federal Bank Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cashfree Payments and Yes Bank have come together to offer ‘Global Collections’, an international collection service for exporters, who are account holders of Yes Bank. Under this partnership, the Bank’s account holders will be able to collect payments in over 30 foreign currencies using the Global Collections service. The funds so received can then be converted into INR and settled into their local bank account in India within one business day.

    Practice Next

    Relevant for Exams: