Which bank has launched ‘Pay Your Contact’ service?
A. HDFC Bank
B. Kotak Mahindra Bank
C. Yes Bank
D. ICICI Bank
Explanation:
Kotak Mahindra Bank (KMBL) has announced the launch of ‘Pay Your Contact’. The feature is interoperable across all payment apps and is available on both Android and iOS. It is an innovative feature on KMBL’s mobile banking app that uses the Unified Payments Interface (UPI) platform and allows customers to send money or make payments to any of their contacts across all payment apps simply by entering the beneficiary’s mobile number.
