New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    LEO1, an edu-fintech startup has introduced prepaid ID

    cards for students and educational institutions that is supported by MasterCard which is devoid of traditional numbering, offering a secure and efficient payment solution to educational institutes and students. Which payments bank has collaborated to launch this card ?
    A Fino Payments Bank Correct Answer Incorrect Answer
    B NSDL Payments Bank Correct Answer Incorrect Answer
    C Airtel Payments Bank Correct Answer Incorrect Answer
    D Paytm Payments Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    LEO1, an edu-fintech startup, in collaboration with NSDL Payments Bank, has introduced prepaid ID cards for students and educational institutions. This card, supported by MasterCard, is devoid of traditional numbering, offering a secure and efficient payment solution to educational institutes and students. The primary objective of the prepaid student card is to streamline and optimise payment processes within educational institutions throughout India, fostering cash-free campuses. The LEO1 card aims to empower parents to digitally transfer funds and monitor expenditure across various categories, ensuring a transparent financial overview.

    Practice Next

    Relevant for Exams: