Question

    In the BOBCARD Limited announcement, which network was the Corporate Credit Card launched on?

    A Mastercard Correct Answer Incorrect Answer
    B Visa Correct Answer Incorrect Answer
    C American Express Correct Answer Incorrect Answer
    D RuPay Correct Answer Incorrect Answer
    E Discover Correct Answer Incorrect Answer

    Solution

    •     BOBCARD Limited (formerly known as BOB Financial Solutions Limited, and a wholly-owned subsidiary of Bank of Baroda), and National Payments Corporation of India (NPCI) announced the launch of Corporate Credit Card on RuPay Network on February 14. •     This makes BOBCARD the second credit card issuer in the ecosystem (after IndusInd Bank) to have corporate credit card on RuPay with a host of benefits for the corporates for varied use cases and convenience of linkage with UPI through any UPI-enabled app.

    Practice Next

    Relevant for Exams: