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Name the mobile app launched by HSBC, to help customers track the status of their trade transactions on a real-time basis.
  • a)
    HSBCnet Trade Transaction Tracking
  • b)
    HSBC Trade Transaction Tracker
  • c)
    HSBCnet Trade Transmission Tracker
  • d)
    HSBC.net Trade Transaction Tracker
  • e)
    HSBCnet Trade Transaction Tracker
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
Name the mobile app launched by HSBC, to help customers track the stat...
Answer 5. HSBCnet Trade Transaction Tracker
Explanation HSBC launched the mobile app, ‘HSBCnet Trade Transaction Tracker’, to help customers track the status of their trade transactions on a real-time basis. The Trade Transaction Tracker feature has been built into the existing HSBCnet mobile application and has been launched in select countries in which HSBC operates, including India. It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app.
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In Ladakh, Cooperative Banking Service with Micro ATMs where both deposition and withdrawal of cash can be availed by the users will be introduced in far-flung areas. Micro ATMs are card swipe machines through which banks can remotely connect to their core banking system. This machine comes with a fingerprint scanner attached to it. In other words, micro ATMs are handheld point of sale terminals used to disburse cash in remote locations where bank branches cannot reach. Micro ATMs are similar to point of sale (PoS) terminals and are a doorstep mobile banking arrangement cum-mobile ATM device. Bank will assign a correspondent who will sign up customers in remote areas after verifying their identity (fingerprint can be used as an authentication tool for rural peopl e). The fingerprint and personal details may also be linked to the Aadhaar Card, which will then serve as the ID proof required to withdraw money.Background: In the aftermanth of demonetisation event, Government of India introduced micro ATMs to ensure people can withdraw money.Advantages The cost of deployment of a micro ATM is lesser than that of an ordinary ATM. ATMs need at least 80-100 transactions a day to be viable as they costs several lakhs. A micro ATM costs less than Rs 20,000. It is portable Micro ATM has connectivity through GSM, hence it can travel from village to villageDisadvantages: Micro ATM cannot provide anytime money. Hence if the bank correspondent is unavailable or the shop keeper has shut his shop, the account holder will not be able to undertake any financial transaction. Hence both statements are correct.

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Name the mobile app launched by HSBC, to help customers track the status of their trade transactions on a real-time basis.a)HSBCnet Trade Transaction Trackingb)HSBC Trade Transaction Trackerc)HSBCnet Trade Transmission Trackerd)HSBC.net Trade Transaction Trackere)HSBCnet Trade Transaction TrackerCorrect answer is option 'E'. Can you explain this answer?
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Name the mobile app launched by HSBC, to help customers track the status of their trade transactions on a real-time basis.a)HSBCnet Trade Transaction Trackingb)HSBC Trade Transaction Trackerc)HSBCnet Trade Transmission Trackerd)HSBC.net Trade Transaction Trackere)HSBCnet Trade Transaction TrackerCorrect answer is option 'E'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the mobile app launched by HSBC, to help customers track the status of their trade transactions on a real-time basis.a)HSBCnet Trade Transaction Trackingb)HSBC Trade Transaction Trackerc)HSBCnet Trade Transmission Trackerd)HSBC.net Trade Transaction Trackere)HSBCnet Trade Transaction TrackerCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the mobile app launched by HSBC, to help customers track the status of their trade transactions on a real-time basis.a)HSBCnet Trade Transaction Trackingb)HSBC Trade Transaction Trackerc)HSBCnet Trade Transmission Trackerd)HSBC.net Trade Transaction Trackere)HSBCnet Trade Transaction TrackerCorrect answer is option 'E'. Can you explain this answer?.
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