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‘Salary Card’--- Launched by EarlySalary and NPCI

Published on October 16, 2020
Current Context: EarlySalary joined hands with NPCI (National Payments Corporation of India) to launch ‘Salary Card’.
‘Salary Card’--- Launched by EarlySalary and NPCI
  • ‘Salary Card’ is the Zero-Touch Digital Card.
  • The credit solution of this card is powered by Rupay. 
  • The card is launched to provide immediate access for salaried professionals, which will help them to make instant purchases across merchants in India. 
  • The ‘Salary Card’ allows user to setup a dynamic credit limit as per their requirements. This feature helps user to observe tight control over their finance expenditure. 
  • The card is supported with Machine Learning technology and has the mechanism of risk-oriented decision making.
  • The card will be activated by accessing EarlySalary mobile application within seconds. 
  • Static Part:
    • HQ of EarlySalary: Pune, Maharashtra
    • HQ of NPCI: Mumbai
    • MD and CEO of NPCI: Dilip Asbe

Question: 

Q.1 With whom EarlySalary has partnered to launch ‘Salary Card’?
a. ICICI Bank
b. National Payments Corporation of India
c. HDFC Bank 
d. Ministry of Finance
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