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Which bank launched Mobile Bank Accounts in association with Vodafone's m-paisa?

  • A.Bank of Baroda
  • B.HDFC Bank
  • C.ICICI Bank
  • D.Punjab National Bank

Answer: B

Correct answer: HDFC Bank

HDFC Bank partnered Vodafone in m-paisa, which let customers open a basic bank account and send, receive and withdraw money through a mobile phone. It was aimed at people without a branch within reach, and used the telecom company’s retail network as banking correspondents.

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