Which among the following banks has recently launched Multi Option Payments Acceptance Device (MOPAD) for accepting digital payments in an integrated platform?
- AOption (a)
Bank of Maharashtra
- BOption (b)
State Bank of India
- COption (c)
Bank of Baroda
- DOption (d)
Yes Bank
- EOption (e)
Kotak Mahindra Bank
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Correct answer
State Bank of India
Why this answer is correct
- The State Bank of India has launched the MOPAD (Multi Option Payments Acceptance Device) device in order to accept digital payments.
- This device will allow the merchants to accept payments in various platforms such as UPI, Bharat QR Code, SBI Buddy Wallet etc.
- Customers will be able to make payments across these platforms with the help of a single POS Machine maintained by the merchants.