ICICI Merchant Service Business Process Leader Interview Questions and Answers

The CEO of Paytm is Vijay Shekhar Sharma.

• Vijay Shekhar Sharma founded Paytm in 2010.

• He is a self-made billionaire and one of the youngest Indian entrepreneurs.

• Under his leadership, Paytm has become one of the leading digital payment platforms in India.

• Sharma has also been recognized with numerous awards for his contributions to the Indian startup ecosystem.

Different types of digital banks include neobanks, challenger banks, and traditional banks with digital offerings.

• Neobanks: digital-only banks that operate without physical branches

• Challenger banks: digital banks that challenge traditional banks with innovative products and services

• Traditional banks with digital offerings: established banks that offer digital banking services alongside their traditional offerings

• Exampl...read more

KYC is compulsory to prevent fraud and money laundering.

• KYC helps to verify the identity of customers and ensure they are not involved in illegal activities.

• It helps to build trust between customers and financial institutions.

• KYC is mandatory by law in many countries to prevent financial crimes.

• It also helps to reduce the risk of identity theft and other fraudulent activities.

• Examples of KYC documents include passport,