BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Invoice management
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Fees Collection
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5.00% Cash back on transaction
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Supports IOS and Android platform
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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: -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-4: -The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid. Bank of Baroda’s Pan India network of branches means convenience for depositing your receivables – cheque, cash and electronic.