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SBI launches debit card-less instant money transfer facility

SBI launches debit card-less instant money transfer facility
29 July 2016 Current Affairs: State Bank has launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier. 

The system works on instant money transfer (IMT) platform. The facility will enable a payment of up to Rs 10,000 from any SBI bank account and the recipient of this payment can withdraw funds instantly from an IMT-enabled ATM without using a debit card .

SBI Group will be able to offer a unique payment option to our customers and expand our reach to those sections of the population who are either unbanked or do not have access to banking .

Additionally, it offers a new form of convenience payment to the emerging younger generation as SBI seeks to address them through new options. 

The IMT is a unique payment system launched by Eempays Payment Systems. The facility enables a payment to be made to a mobile phone from a bank account without the beneficiary having a bank account. 

 


March 2017 Current affairs
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS
18 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
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25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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