BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In Baroda Paypoint pricing is based on the which one of the following
A
Rating of Institution
B
Vendor
C
Type of card
D
Number of transaction
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -Baroda PayPoint is a web/mobile-based online/offline payment collection portal, providing an easy interface between Merchant and consumer for secured payments using online and offline mode by shielding them from underlying complexity of payment transactions and integration with electronic fund transfer switches.

Detailed explanation-3: -Merchant Outlet – Spending limit for point of sale (POS) at physical stores. 2. ATM Withdrawal – Cash withdrawal limit when using your credit card at an ATM.

Detailed explanation-4: -“Baroda Connect” can be accessed from any computer (including one from cyber café) having internet facility.

There is 1 question to complete.