BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
DCB Bank has announced the launch of mVisa, a mobile-based payment solution that will make payments at retail outlets much easier. DCB Bank Based in
A
West Bengal
B
Kerala
C
Maharashtra
D
Rajasthan
Explanation: 

Detailed explanation-1: -This service is based on ‘mVisa’, a new mobile payment solution from Visa. ICICI Bank is the first bank globally to launch a mobile app based ‘mVisa’ solution for consumers and merchants.

Detailed explanation-2: -mVisa is a revolutionary payment method in which payments can be done using the smartphone. There is no need to produce a card at the merchant location for payment, or queue up at the ATM in order to withdraw or deposit cash. The customer just needs to scan the QR code and make the payment.

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