Current Affairs · Evolution of Digital Banking
Regarding the functionality of historical social-media-based 'Hashtag Banking': I. Hashtag Banking allowed customers to initiate basic transaction requests by including a specific keyword preceded by the '#' symbol in a message interacting with a bank's official account. II. Unlike modern conversational banking, Hashtag Banking required the transaction amount and beneficiary account number to be publicly visible in the initial post, posing a major security risk. III. Hashtag Banking was primarily designed to support complex, high-value commercial transfers that required full KYC verification in the public domain. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I✓
- 2Only I and II
- 3Only II and III
- 4I, II, and III
Correct answer
Only I
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