21. How does banking technology improve the accessibility of remittance services?
a) By offering multilingual interfaces
b) By providing user-friendly mobile apps
c) By supporting various payment methods
d) All of the above
22. What technology allows for the integration of remittance services with social media platforms?
a) Open banking APIs
b) Application programming interfaces (APIs)
c) Chatbots
d) All of the above
23. How does banking technology verify the legitimacy of remittance recipients?
a) By cross-checking against watchlists and sanctions lists
b) By conducting background checks
c) By verifying the recipient’s banking information
d) All of the above
24. What technology allows customers to send remittance in local currencies?
a) Dynamic currency conversion
b) Multi-currency accounts
c) Currency exchange platforms
d) All of the above
25. How does banking technology address the challenge of limited technology access in remittance transactions?
a) By partnering with local agents or intermediaries
b) By offering mobile-based remittance services
c) By utilizing alternative payment channels (e.g., SMS-based transactions)
d) All of the above
