Baroda Paypoint Xpress is Fit for merchants who have their annual turnover ..... and willing to collect payment online through minimum 3 payment modes (made mandatory by Govt. of lndia) i.e. UPI/QR code/ Rupay debit card.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Baroda Paypoint Xpress is Fit for merchants who have their annual turnover ____ and willing to collect payment online through minimum 3 payment modes (made mandatory by Govt. of lndia) i.e. UPI/QR code/ Rupay debit card.

A	50 crore
B	50 crore and above
C	100 crore and above
D	100 crore

Explanation:

Detailed explanation-1: -Hosted payment gateways Using this payment gateway, when a customer clicks the ‘buy’ button on the merchant website, the system redirects the customer to the payment service provider’s website. Now, the customer needs to enter the relevant card or bank information.

Detailed explanation-2: -Minimum Capital Requirement Payment Aggregators in India must have a minimum net value of INR 15 crore at the time of application, whether they are a new firm or an existing entity. The net worth must then increase to 25 crores within the guidelines’ defined time range.

Detailed explanation-3: -PayPoint India has entered into a partnership with Bank of Baroda, enabling the bank to further expand its network by utilising PayPoint’s customer service points to a reach out to a larger pool of customers and achieve a bigger geographical spread.

There is 1 question to complete.