State Bank of India rolls out mVisa
BENGALURU, MAY 5:
State Bank of India (SBI) on Thursday announced the launch of mVisa, a mobile-based payment solution.
The service will enable SBI customers to make payments from their smart phones, by scanning the unique merchant QR (Quick Response) code image at merchant outlets, thereby eliminating the need to swipe the physical card at a point-of-sale (PoS) machine.
SBI customers can download the latest version of SBI Anywhere application, from ‘Google Play Store’ and need to register for mVisa payments.
The SBI mVisa merchant app is also available in ‘Google Play Store’ and is used for receiving the payment notification, generation of static and dynamic QR codes and viewing transaction history by the merchants.
SBI mVisa merchants can accept payment from any mVisa customers.
First phase
In the first phase, SBI’s mVisa service has been introduced in Bangalore city and bank has already on-boarded sizable number of merchants in prominent market places in the city.
This facility will be gradually expanded to other cities, SBI said in a release.
Source:The Hindu Business Line
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