Which bank has launched new mVisa - a mobile-based payments solution for customers

2016

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

Which bank has launched new ’mVisa’ - a mobile-based payments solution for customers

A	ICICI Bank
B	State Bank of India
C	Bharatiya Mahila Bank
D	Corporation Bank

Explanation:

Detailed explanation-1: -ICICI Bank is the first bank globally to launch a mobile app based ‘mVisa’ solution for consumers and merchants.

Detailed explanation-2: -State Bank of India recently announced the launch of mVisa.

Detailed explanation-3: -mVisa is a revolutionary payment method in which payments can be done using the smartphone. There is no need to produce a card at the merchant location for payment, or queue up at the ATM in order to withdraw or deposit cash. The customer just needs to scan the QR code and make the payment.

Detailed explanation-4: -In the year 2008, ICICI Bank was the first bank in India to launch mobile banking. Almost every bank has since followed suit. The HDFC Bank is one of India’s largest private sector banks. Its mobile banking app allows customers to view account transactions, transfer funds quickly, and make credit card payments quickly.

Detailed explanation-5: -Mumbai: ICICI Bank today announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

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