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SBI Launched MOPAD For Digital Convenience Of Customers And Merchants

MOPAD allows the customer to make payments through "Cards, Bharat QR, UPI and SBI Buddy (e-wallet)" on a single PoS (Point of Sale) terminal.

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"This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.". Flickr
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Lending major State Bank of India (SBI) on Wednesday launched a Multi Option Payment Acceptance Device for digital convenience of customers and merchants.

According to the lending major, MOPAD allows the customer to make payments through “Cards, Bharat QR, UPI and SBI Buddy (e-wallet)” on a single PoS (Point of Sale) terminal.

“MOPAD will help merchants to integrate different kinds of transaction through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow,” SBI Chairman Rajnish Kumar was quoted as saying in a statement.

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr
As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr

“This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.”

Also Read: SBI reduces lending rates on home and vehicle loans

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner.

Currently, SBI has deployed 6.23 lakh PoS terminals. (IANS)

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Diverse Gathering To be Adressed This World Biofuel Day: PM Modi

The Prime Minister will address the gathering on how biofuels can help reduce import dependency on crude oil and their contribution to a cleaner environment, generate additional income for farmers, and generate employment in rural areas

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Modi will be the chief guest for the inaugural session of the programme on Friday which is being held at Vigyan Bhawan by the Ministry of Petroleum and Natural Gas. Wikimedia Commons
Modi will be the chief guest for the inaugural session of the programme on Friday which is being held at Vigyan Bhawan by the Ministry of Petroleum and Natural Gas. Wikimedia Commons

Prime Minister Narendra Modi will address a diverse gathering here consisting of farmers, scientists, entrepreneurs, students, government officials and legislators to mark the World Biofuel Day 2018, a government statement said on Thursday.

Modi will be the chief guest for the inaugural session of the programme on Friday which is being held at Vigyan Bhawan by the Ministry of Petroleum and Natural Gas.

The programme would witness participation of sugarcane farmers, scientists, entrepreneurs in biofuels, students of agriculture, science and engineering streams, members of parliament, ambassadors, officers of Central and State government and companies involved in the bio-energy sector, said the statement.

The Prime Minister will address the gathering on how biofuels can help reduce import dependency on crude oil and their contribution to a cleaner environment, generate additional income for farmers, and generate employment in rural areas, it added.

The World Biofuel Day, which is being observed by the Ministry of Petroleum and Natural Gas for the last three years, is observed on August 10. IANS
The World Biofuel Day, which is being observed by the Ministry of Petroleum and Natural Gas for the last three years, is observed on August 10. IANS

Biofuels have synergies with various government initiatives, including enhancing farmers’ incomes, and Swachh Bharat, said the statement, adding, as a result of the efforts of the Centre, ethanol blending in petrol had increased to 141 crore litres in financial year 2017-2018, as compared to 38 crore litres recorded in financial year 2013-2014.

“The Government also approved the National Policy on Biofuels in June 2018,” the statement said.

Also Read: Modi Becomes A “Rockstar” After Posting His Fitness Video

The World Biofuel Day, which is being observed by the Ministry of Petroleum and Natural Gas for the last three years, is observed on August 10 to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels. (IANS)

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