BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the smartphone maker company, which has tied up with State Bank of India to store higher variants of SBI debit cards on the app.
A
Samsung
B
Motorola
C
Apple
D
Lava
Explanation: 

Detailed explanation-1: -Samsung India today announced that its flagship mobile payments service Samsung Pay will now be available for higher variants of SBI Debit Card, offering 130 million State Bank of India customers an opportunity to tap and pay on the go while using a wide range of Samsung smartphones.

Detailed explanation-2: -The features of the card are: 200/-spent at IndianOil fuel stations. Fuel benefits-Cardholder earns loyalty points worth 0.75% against purchase of fuel at IndianOil fuel stations. Pay with a tap (contactless card) for a single transaction of up to Rs. 5000/-

Detailed explanation-3: -SBI Global Contactless Debit Card comes with an EMV Chip which provides additional security. A customer can make electronic payments by just waving the contactless card near the PoS terminal without any need for dipping or swiping the Card on PoS, thereby the Debit card will always be in the customer’s custody.

Detailed explanation-4: -1. What is “My Card” Personalized Image Debit Card? “My Card” Personalized Image Debit Card is a personalized debit card where you can choose the design/image to be printed on your card from the gallery of images provided by the Bank.

There is 1 question to complete.