Which of the following banks has launched the country's 1st ever numberless credit card with no CVV expiry date?
Current Affairs
Banking
Difficulty: Medium
Choose an option
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ARBL Bank
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BKotak Mahindra Bank
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CAxis Bank
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DYes Bank
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EIDFC First Bank
Answer
Correct Answer: Axis Bank
Explanation
### Concept & Facts
To enhance security and prevent card data theft, banks are moving towards minimizing printed information on physical cards. A numberless card lacks the traditional 16-digit number, expiry date, and CVV printed on it.
### Step-by-Step Solution
* Axis Bank partnered with Fibe (formerly EarlySalary) to launch India's first-ever numberless credit card.
* This physical card does not have any sensitive information like the card number, expiry date, or CVV printed on it.
* Users can access these details virtually through the bank's secure mobile application, significantly reducing the risk of offline skimming or unauthorized physical use.
### Exam Strategy & Shortcut
For "first-of-its-kind" banking tech innovations in India, private sector banks like Axis, HDFC, and ICICI are frequent pioneers. Axis Bank specifically heavily markets its Fibe-partnered numberless card.
### Common Pitfall
Assuming digital-first banks or neo-banks launched this. While IDFC First is highly digitized, Axis Bank holds the specific record for the first completely numberless physical credit card in India.
### Final Answer
Therefore, the correct answer is **Axis Bank**.