Banking

Q1:

Which bank launched the UPI-enabled RuPay Wave Credit Card?

A IDFC FIRST Bank

B HDFC Bank

C ICICI Bank

D Federal Bank

ANS:D - Federal Bank

The State Bank of India (SBI) has launched the UPI-enabled RuPay Wave Credit Card, marking a significant innovation in the digital payments landscape. This new credit card integrates the Unified Payments Interface (UPI) with RuPay's contactless payment technology, offering users a seamless and secure way to make transactions. The card allows for easy and instantaneous payments through UPI, combining the convenience of contactless transactions with the broad acceptance of RuPay. By leveraging UPI’s widespread adoption and RuPay’s secure infrastructure, the SBI UPI-enabled RuPay Wave Credit Card aims to enhance the user experience for customers who prefer digital and contactless payment methods. This initiative reflects SBI's commitment to advancing digital banking solutions and supporting the government's push towards a cashless economy. The introduction of this card is expected to facilitate smoother transactions, increase financial inclusion, and provide customers with an efficient and modern payment tool that aligns with contemporary banking trends.



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