CURRENT AFFAIRS

Detailed explanation-1: -Bank of Baroda launches bob World Wave I Now just Wave and pay. Now, tap your smartwatch and make contactless payments under Rs. 5000 (without PIN) on the go with bob World Wave.

Detailed explanation-2: -Mumbai, October 20, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of ‘bob World Benefits’ – a customer engagement programme that seeks to reward customers for carrying out digital banking transactions through the bob World mobile banking app.

Detailed explanation-3: -New Delhi, August 24, 2022: Bank of Baroda, one of India’s leading public sector banks, today announced the launch of the bob World Yoddha Debit Card on the RuPay platform, especially for the Indian Armed Forces.

Detailed explanation-4: -Wearable payment devices are apparel, gadgets, and accessories we use to make contactless payments. The most common types are smartwatches, belts, jackets, fitness trackers, and even rings. They use services like Apple Pay, Samsung Pay, and Google Pay to connect the device with the consumer’s bank account.

Detailed explanation-5: -Transaction limit on any POS terminal enabled for Contactless payments up to INR 1, 00, 000/- per day with PIN authentication. Customer can also perform e-commerce transactions up to INR 1, 00, 000/- per day by referring Non Payment Dummy card provided along with the device through CVV and OTP authentication.