Current Affairs - Banking - Discussion

State Bank of India launched a payments machine called MOPAD. The full form of MOPAD is Multi Option Payment Acceptance Device. It is a Point of Sale (PoS) terminal that will allow to facilitate transactions from cards to QR code based payments. It would accept payments through UPI, Bharat QR, and SBI Buddy wallet which till now required different tools to receive payments. Customers won't have to carry cards and can just scan the QR code to make the payment.