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SBI launches Multi Option Payment Acceptance Device for unified payment

SBI on Wednesday unveiled the new Multi Option Payment Acceptance Device (MOPAD) in a move to provide digital convenience to customers and merchants and take forward bank’s objective of “Cash ki Aadat Badlo”. Under this latest digital initiative, a customer will be able to make payments through cards, Bharat QR, UPI and SBI Buddy on a point of sale (PoS) terminal. SBI, the country’s largest lender, has deployed 6.23 lakh PoS terminals so far. "MOPAD will help merchants to integrate different kinds of transactions through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow. This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions," SBI Chairman Rajnish Kumar said in a statement.” 

Read More at Times Now News date : 9 Aug 2018, Thursday

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