Current Affairs · Banking and Finance
In August 2025, IDFC FIRST Bank, in collaboration with SingX, launched the digital remittance platform 'RemitFIRST2India' for NRIs. Consider the following statements: 1. The platform enables Non-Resident Indians (NRIs) to send money to India seamlessly, providing a secure cross-border payments experience. 2. The platform is operated without any licensed cross-border fintech partners. 3. Currently, the services are available for remittances from countries like Singapore and Hong Kong, with plans to expand further. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 3✓
- 2Both 1 and 2
- 3Both 2 and 3
- 4Only 3
Correct answer
Both 1 and 3
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