BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
On-boarded Merchants of Baroda Paypoint (Education as well as Colony World) get:
A
Web portal
B
Mobile App (Android)
C
Both Web Portal and Mobile App (android)
D
Mobile App (Android & IOS)
Explanation: 

Detailed explanation-1: -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-2: -Bank of Baroda provides a facility, to receive payment online from any debit/credit card, 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-3: -A merchant account is a bank account specifically established for business purposes where companies can make and accept payments. Merchant accounts allow, for instance, a business to accept credit cards or other forms of electronic payment.

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