Wednesday, 11 May 2016

SBI launches card-less payment solution for offline transactions


 

State Bank of India, the country’s largest public sector bank, has launched a mobile payment solution that will enable customers to make digital payments at offline stores by scanning a QR (quick response) code on their smartphones.

  •  The service has been launched in Bengaluru with a sizable number of merchants and will soon expand into other cities. 
  • Dubbed mVisa, the solution is a card-less way for customers to pay for goods at offline stores, and will be available to all SBI credit card, debit card and net banking users. 
  • The solution which is bank agnostic will be accessible to customers through the company’s SBI Anywhere app.

State Bank Of India :

  • Founded- 2 June 1806, Bank of Calcutta
  • 27 January 1921-  Imperial Bank of India
  • 1 July 1955-  State Bank of India
  • 2 June 1956-  nationalization
  • Headquarters- Mumbai, Maharashtra, India
  • Chairperson- Smt. Arundhati Bhattacharya
  • Slogan- The Banker to Every Indian

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