TNPSC Thervupettagam

Multi Option Payment Acceptance Device (MOPAD)

August 10 , 2018 2302 days 1327 0
  • India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers.
  • It aims at providing digital convenience to customers and ease of doing business for merchants at the same time.
  • It will allow customers to make payments through cards, Bharat QR, UPI and SBI Buddy (e-wallet) on single Point–of–Sale (PoS) terminal.
  • It provides convenience to merchants by eliminating multiple machines that they keep in order to facilitate transaction from different sources.

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