Question:medium

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

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

Updated On: Jul 16, 2026

ICICI Bank
Kotak Mahindra Bank
IndusInd Bank
Central Bank

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The Correct Option is B

Solution and Explanation

ICICI Bank: known for its own app-based wallet, not a Facebook transfer tool.
Kotak Mahindra Bank: rolled out "KayPay", a service on Facebook Messenger that sends money to any friend using just their registered mobile number, regardless of the receiver's bank.
IndusInd Bank: uses social media mainly for customer support, not fund transfers.
Central Bank: has no comparable Facebook payment service.

The correct answer is Kotak Mahindra Bank.

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