Which private bank launched a remote payment service named 'SMS Pay' for merchants on 26 November 2020?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Yes Bank.
- Private lender YES Bank launched an SMS Pay functionality on POS terminals, which enables merchants to accept contactless payments from customers.
- Rajanish Prabhu, Business Head – Credit Cards and Merchant Acquisition, YES Bank , on the launch of the facility said “SMS Pay is a simple yet convenient value addition to our merchant POS solutions and provides an alternative channel of payment acceptance for our merchants at zero incremental cost.”