Digital Banking SBI

SBI Launches ‘MOPAD’, All in One PoS Acceptance Services

State Bank of India has launched all in one Pos terminal ‘MOPAD’ to accept any type of digital payments i.e. Credit Cards, Debit Cards, Bharat QR, UPI and SBI Buddy (eWallet). MOPAD stands for ‘Multi-option payment acceptance device‘. SBI insisted that MOPAD will change the existing digital payment services at merchant outlets and customer need […]

Banking News

RBI Doesn’t Authorize Flipkart, Amazon etc Cash-on-delivery Deals

Reserve Bank of India has made it clear through reply of a Right to Information (RTI) query that Cash-on-delivery (CoD) by services Aggregators/payment intermediaries like Amazon and Flipkart are not authorized under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007. are not authorized under the definition of payment system and system provider of the Payments […]