Merchant can open settlement account for Baroda e-Gateway in:

BANKING GENERAL KNOWLEDGE

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

A	In BOB branch
B	Any branch of Amalgamated entity
C	No need of any account in Amalgamated entity
D	In eDena & eVijaya Branch

Explanation:

Detailed explanation-1: -Bank of Baroda provides a facility, to receive payment online from any debit/credit card, UPI (VPA & QR code), wallet, net banking (through aggregator) of more than 34+ banks, called ‘Baroda e-Gateway’ (Internet Payment Gateway), which is a safe, secure, and trusted payment solution for e-Commerce/online business.

Detailed explanation-2: -It is a Non-Banking Financial Company, wholly owned by Bank of Baroda, one of the top banks of India. The Company’s primary business is credit cards and merchant payment processing partner of Bank of Baroda merchant acquiring business.

Detailed explanation-3: -In simple terms, a payment gateway is a network through which your customers transfer funds to you. Payment gateways are very similar to the point-of-sale terminals used at most brick and mortar stores. When using a payment gateway, customers and businesses need to work together to make a transaction.

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