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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