Question

World's first Bank-Agnostic Instant Funds Transfer Platform using Facebook was launched by?

• A. ICICI Bank
• B. Kotak Mahindra Bank
• C. IndusInd Bank
• D. Central Bank

Hint:

Remember: KayPay = Kotak + Facebook instant transfer (bank-agnostic).

Answer 1

The Correct Option is B

Step 1: Kotak Mahindra Bank launched "KayPay", the world's first bank-agnostic instant funds transfer platform using Facebook. 
Step 2: It allowed users to transfer money securely to friends on Facebook regardless of their bank. \[ \boxed{\text{Kotak Mahindra Bank}} \]

Answer 2

Check each bank named in the options against the description of a Facebook-based, bank-agnostic instant transfer platform.

1. Option 1 (ICICI Bank): ICICI Bank has run its own digital initiatives such as Pockets and chatbot-based banking, but it did not launch a Facebook-based fund transfer platform open to customers of any bank.
2. Option 2 (Kotak Mahindra Bank): Kotak Mahindra Bank launched "KayPay" on Facebook Messenger, letting a user send money to any Facebook friend by matching mobile numbers, irrespective of which bank the friend used. This matches the "bank-agnostic" and "world's first" description exactly.
3. Option 3 (IndusInd Bank): IndusInd Bank has offered social-media banking queries through Twitter and Facebook for customer service, not an instant funds transfer product tied to Facebook.
4. Option 4 (Central Bank): Central Bank of India has no such Facebook-linked payment platform to its name.

Only Kotak Mahindra Bank's KayPay fits the "bank-agnostic instant funds transfer using Facebook" description.

So, the correct answer is Kotak Mahindra Bank.