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‘Visa Direct’—By RBL Bank and Visa

Published on November 02, 2020
Current Context: The Ratnakar Bank i.e. RBL Bank in partnership with Visa launched ‘Visa Direct.
‘Visa Direct’—By RBL Bank and Visa
  • The ‘Visa Direct’ is a processing capability of Visa which allows safe and secure funds delivery in real-time to financial accounts using credit and debit cards.
  • The ‘Visa Direct’ follows RBL Bank’s philosophy of ‘Partners Ka Bank.
  • This ‘Visa Direct’ will enable RBL Bank to increase its offerings to fintech firms. 
  • It will also help RBL bank to advance tech-based banking solutions which will address the needs of its partners which will thus create a standardized digital payment solution experience to their customers. 
  • The fintech will get access to domestic transactions and benefits programme like refunds, card bill payments, cashback and disbursements through Visa Direct. 
  • Static Part: 
    • HQ of RBL Bank: Mumbai
    • Tagline of RBL Bank: Apno Ka Bank
    • MD and CEO of RBL Bank: Vishwavir Ahuja

Question: 

Q.1 Visa in partnership with which bank launched Visa Direct’, which is an instant payout for fintechs firms?
a. Yes Bank
b. RBL Bank
c. Karnataka Bank
d. IndusInd Bank
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