CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank recently launched its latest customer-friendly digital initiative Multi Option Payment Acceptance Device (MOPAD)?
A
Union Bank of India
B
Indian Overseas Bank
C
State Bank of India
D
Canara Bank
Explanation: 

Detailed explanation-1: -Detailed Solution: State Bank of India (SBI) launched the Multi-Option Payment Acceptance Device or MOPAD, a unified payment option that accepts multiple payment methods.

Detailed explanation-2: -SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account (individual). Unlike normal Term Deposits which are fully liquidated anytime you need funds; you can withdraw from a MODS account in multiples of 1000 as per your fund need.

Detailed explanation-3: -“MOPAD” i.e., Multi Option Payment Acceptance Device. MOPAD is a one-stop payment acceptance solution for merchants on PoS terminals, accepting payments via: Cards. Bharat QR. UPI.

Detailed explanation-4: -Navigate to your browser and type http://www.onlinesbi.com and choose SBI collect. After reading the terms and conditions press the proceed button. Tap on the State Bank Collect tab> Payment history. Choose either “‘date range or INB reference number.

Detailed explanation-5: -Post confirmation page displays a link to print or download the receipt. e-Receipt can also be generated any time subsequently using the link available on home page of www.onlinesbi.com.

There is 1 question to complete.