Question: Name the mobile-based payment solution launched by State Bank of India (SBI), country’s largest commercial bank?
(a) M-Visa
(b) B-Visa
(c) F-Visa
(d) P-Visa
Ans:(a)
Related facts:
- On 5 May 2016 State Bank of India (SBI), country’s largest commercial bank announced the launch of mobile-based payment solution.
- The mobile-based payment solution is named as “mVisa”
- The service will enable customers to make payments from their Smartphone, by simply scanning the unique merchant QR (Quick Response) code, at merchant outlets.
- In first phase, State Bank of India’s mVisa service has been introduced in Bangalore city. This facility will be gradually expanded to other cities.