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
  • A
    RBL Bank
  • B
    Kotak Mahindra Bank
  • C
    Axis Bank
  • D
    Yes Bank
  • E
    IDFC 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**.
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