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SBI launches new mobile-based payment app for customers

SBI launches new mobile-based payment app for customers
06 May 2016 Current Affairs: The country's largest bank State Bank of India which is giving tough competition to private sector lenders in digital innovations has now launched 'mVisa' - a mobile-based payments solution. 

The service will enable customers to make payments from their smartphones, by simply scanning the unique merchant Quick Response (QR) code, at merchant outlets. 

mVisa is a card-less solution which facilitates payment by scanning the QR code displayed at the merchant outlet or from the merchants mobile .The new technology eliminates the need to swipe the physical card at a point-of-sale machine. 

SBI customers will have to download the latest version of SBI Anywhere application and register for mVisa payments to enable the service. A similar SBI mVisa merchant app will also be made available for merchants to receive payment notification and generate QR codes. 

This cost effective digital offering will not only provide our large base of consumers with an easy, convenient and secure payment product but will also facilitate small merchants with any-time payment, thereby changing the way businesses transact and customers pay .The mVisa service is a bank agnostic - which means that any bank mVisa customer can transact on any mVisa merchants and any mVisa merchant can accept payment from mVisa customers of any bank. 


December 2016 Current affairs
9 DEC
NEWS
8 DEC
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7 DEC
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6 DEC
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5 DEC
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3 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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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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