Karur Vysya Bank has launched India’s 1st pre-paid card Enkasu (My cash in Tamil) in Karur, Tamil Nadu under its Quit cash movement. The card functions based on Near Field Communication Technology (NFC) in a semi closed-loop & the customers buying this card can make ‘tap & go’ payments for even small purchases to merchants from an amount of Rs. 1 to doing away with the need for cash & small change.
Click Here To Get Test Series For RBI Assistant Mains
These cards are special in the sense that it can be accepted ‘online’ & ‘offline’ as well. KVB customers can recharge the card through various ways including the bank’s mobile App ‘DLite’, UPI (Unified Payments Interface), NEFT (National Electronic Funds Transfer) or through its all 7 branches in Karur. Non-customers of the bank can also get this card even if they do not have a bank account anywhere but with the condition of ensuring KYC guidelines.
Important takeaways for all competitive exams:
SSC, Banking, Railways, and state-level exams serve as stepping stones to securing prominent government jobs.…
India's development journey after independence required a strong and structured approach to economic growth. The…
In 2024, India has witnessed an unprecedented surge in the number of billionaires, with 94…
Every year, July 11th is observed as World Population Day, a global initiative to highlight…
January is a month full of important national and international days. These days are celebrated…
The digital space in India has been significant growth in 2024, with influencers becoming powerful…