You are here: Home » PTI Stories » National » News
Business Standard

SBI launches digital transaction initiative MOPAD

Press Trust of India  |  New Delhi 

As part of its effort to promote online transaction, of India (SBI) today launched one more digital initiative called MOPAD (Multi Option Payment Acceptance Device).

It will enable customers to make payments through cards, Bharat QR, and Buddy (e-wallet) on a point of sale (PoS) terminal.

It will also provide digital convenience to customers and ease of doing business for merchants at the same time, said here.

has 6.23 lakh point of sale terminals deployed across the country.

"It has decided to roll-out the facility on all terminals in a phased manner. This will result in economic digital transactions as the merchant need to deploy only one terminal," he said.

The merchants get single MIS for all types of digital transactions helping them to have total control on the cash flows.

It is expected that this multipurpose initiative will enhance the digital ecosystem and help the in driving the towards a less-cash society, he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 18:45 IST