BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“bob World Wave” payments are based on ____ rails.
A
RuPay Platinum NCMC
B
RuPay Classic NCMC
C
Master Classic NCMC
D
Master Platinum NCMC
Explanation: 

Detailed explanation-1: -Bank of Baroda’s on the go wearable payment solution, bob World Wave is designed to ensure expedient and seamless digital payments with just a tap on the device to meet the demands of our evolving customers.

Detailed explanation-2: -Customers can do contactless payment above Rs. 5000 using a PIN. d) The Bank will also provide a dummy plastic card (with the same card number printed as that of the wearable device along with expiry date and CVV) to enable customers to do e-commerce transactions at ease.

Detailed explanation-3: -Bank of Baroda (BoB) has launched a wearable payment solution called “bob World Wave”.

Detailed explanation-4: -The correct answer is Bob World Wave. ‘bob World Wave’ wearable payment solution was launched by the Bank of Baroda in December 2021. bob World Wave is designed to ensure seamless digital payments with just one tap on the device.

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