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MOPAD: State Bank of India launches integrated payment terminal

MOPAD: State Bank of India launches integrated payment terminal

State Bank of India, India's largest bank, launched MOPAD (Multi Option Payment Acceptance Device). For the facility in digital payment, to traders and customers. State Bank of India is preparing to start this new system in all SBI PoS.

MOPAD helps the traders in  digital payments.After using this machine, traders will no longer need many machines. In MOPAD, customers can make a payment on the same PoS (Point of Sale) terminal by Card, India QR, UPI, SBI Buddy (e-Wallet).

With the help of MOPAD, traders can make different types of payments in one place, thus reducing unnecessary hassles. After payment from MOPAD customers will be given a slip of successful payment.

Q.1 Name the device which State Bank of India launched for integrated payment?
A. Point of Sale (PoS)
B. Multi Option Payment Acceptance Device (MOPAD)
C. Swapping Machine
D. Mini ATM
Ans: Multi Option Payment Acceptance Device (MOPAD)
Q.2 Which bank launched MOPAD?
A. Bank of India
B. State Bank of India
C. Punjab National Bank
D. Allahabad Bank
Ans: State Bank of India

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