Question

In Jan 2021, which of the following has launched a new feature ‘Safe Pay’ to make digital payments more secure and reduce online payment frauds?
1. India Post Payment Bank
2. Google Pay
3. Airtel Payments Bank
4. Paytm Payment Bank
5. PhonePe

Answer 1

Correct Answer - Option 3 : Airtel Payments Bank

The correct answer is Airtel Payments Bank:

• Airtel Payments Bank has introduced a new feature ‘Airtel Safe Pay’ to make digital payments more secure and reduce online payment frauds.
• It is an additional wall that will prevent online frauds when customers transact through UPI (unified payment interface) or net-banking using the Airtel Payments Bank.
• The new payment gateway, which is free of cost, will offer protection against phishing, stolen credentials or passwords, and phone cloning.
• Airtel Safe Pay will allow customers of the payments bank to conduct digital transactions across merchants, online retailers, and transfer money.