Finance Unbox-ED (INR) - Grade 6-8 - Session 38 - Quiz 1

Student Name

Select the statement that is true

• Techfins unlike fintechs are companies that started out in the technology space
• Techfins however are similar to fintechs in that the use of technology is at their core
• Both of the above
• None of the above

Techfins have done maximum innovation within payments

• True
• False

Select all the reasons why technology companies or techfins have been successful at offering financial services

• Techfins given their strong reputation have high customer trust
• Techfins alone have the capital needed to be successful
• Techfins alone have the technology needed to be successful
• Techfins already have a large customer base

One significant advantage that techfins have is that they offer financial services as part of their existing ecosystem which makes it convenient for users to adopt their services

• True
• False

Select all the statements that are true

• Ant Group is a techfin created by Amazon
• Ant Group is the world's largest mobile payment platform
• Ant Group has around one million users
• Ant Group started in India