- The ‘InstaFX’ app is launched to help the customers of any bank to get ‘ICICI Bank Forex Prepaid Card’ swiftly.
- Thus by doing so, ICICI Bank has become first in the country to offer this facility to money changers.
- With the help of this app, authorised money changers, who are partners of the bank will be able to complete the KYC verification and validation of customers digitally and in a real-time format.
- It thus offers ease of convenience to the users who are not even the customers of ICICI Bank.
- Static Part: Who is a money changer? A Person or a firm who has a business of exchange of coins or currency of the country to the other.
- HQ of ICICI Bank: Mumbai
- MD and CEO of ICICI Bank: Sandeep Bakshi
Question:
Q.1 Which bank launched ‘InstaFX’ mobile app for authorized money changers?
a. Axis Bank
b. Federal Bank
c. Deutsche Bank
d. ICICI Bank
a. Axis Bank
b. Federal Bank
c. Deutsche Bank
d. ICICI Bank