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:
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…
The United States and Jordan have carried out a major military operation in Syria called…
Jammu & Kashmir has achieved an important milestone in the modernization of public services with…
At the 2ndWHO Global Summit on Traditional Medicine held in New Delhi, Narendra Modi released…
Prime Minister Narendra Modi to inaugurate the new terminal building of Lokpriya Gopinath Bordoloi International…