CURRENT AFFAIRS

Detailed explanation-1: -With ConQR, we are proud to take the recently launched Mastercard ‘QR on Card’ service to our business customers. The ConQR Credit Card will be issued exclusively to existing and new merchants who opt for acceptance solutions offered by Bank of Baroda (BoB).

Detailed explanation-2: -Q. Which financial services company has launched the ‘ConQR’- QR code embedded credit card, along with BOB Financial? Notes: BOB Financial, the credit card arm of Bank of Baroda and Mastercard have jointly launched small business-focussed QR code embedded credit card.

Detailed explanation-3: -Mastercard® QR is a mobile payment solution that enables consumers to make fast, secure payments to merchants for goods and services by scanning QR codes or inputting aliases.

Detailed explanation-4: -Credit cards in India The Central Bank of India launched the first bank credit card in 1980, which was followed by Andhra Bank in the same year – both were of the Visa brand.

Detailed explanation-5: -It is a QR based convenient and secure payment solution where payments can be made using mobile phone. All you need to do is scan the QR code using your SBI Card Mobile App at any online / retail merchant that displays the Bharat QR logo and make the payment*.