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Which of these cannot be issued by a Payment bank?

  • A.ATM card
  • B.Debit card
  • C.Credit card
  • D.All of the above

Answer: C

Correct answer: Credit card

A payments bank may issue ATM and debit cards, which draw on the customer’s own balance, but not a credit card, which extends credit. The prohibition follows from the licence condition that a payments bank may not lend at all, and it is the practical difference a customer notices between a payments bank and an ordinary one.

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