YES Bank Becomes the First Lender to Offer ‘ONDC Network Gift Card’

Current Context: YES BANK has become the first bank in the country to issue an 'ONDC Network Gift Card’. This card, issued in partnership with Open Network for Digital Commerce (ONDC), is at the forefront of democratising digital commerce.

• Unlike traditional gift cards, this concept empowers customers to utilise the gift card for purchasing products from any brand and any seller across a wide array of segments, including food, fashion, handicrafts, electronics, home essentials, health and wellbeing.
• The ONDC Network Gift Card is open for sponsorship and utilisation by corporate and individual customers, enabling them to extend thoughtful gestures to their customers, employees, or for their loved ones.
• This card leverages the Rupay network and offers the flexibility to load up to Rs 10,000.It’s indeed a transformative shift in the way India shops and aims to revolutionize the shopping experience for Indian consumers.

Question:

Q.1 Which bank has become the first in India to issue an ‘ONDC Network Gift Card’?
a. HDFC Bank
b. ICICI Bank
c. YES BANK
d. Axis Bank