BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which company has launched a prepaid mobile wallet “MobiCash” in association with the State bank of India?

A	TCS
B	BSNL
C	MTNL
D	OIC

Explanation:

Detailed explanation-1: -The State Bank MobiCash Mobile Wallet application is menu driven and user friendly. The Mobile Wallet application can be downloaded from the link received via SMS at the time of registration, if GPRS connectivity is available on the handset. It may also be downloaded from the M/s.

Detailed explanation-2: -1.3 “Mobile Wallet” shall mean a mobile based prepaid wallet registered with the Bank (State Bank MobiCash and State Bank MobiCash Easy).

Detailed explanation-3: -SBI launched mobile banking service ‘State Bank Freedom’ in 2009 and has around 54 lakh users as of now with about 10, 000 users adding per day. Following the success of its first product in this space, the bank has now launched ‘Mobicash Easy’.

Detailed explanation-4: -Wallet365.com was India’s first e-wallet, launched in 2006 by media firm Times Group in association with YES Bank. Since then, a number of banks and non-banking financial service firms have entered the industry.

There is 1 question to complete.