SBI signs MoU with PayPal

Q.  Name the bank that signed a MoU with ‘PayPal’, leading international digital payments company, to facilitate cross-border transactions on 21st May’15?
- Published on 17 May 15

a. Bank of india
b. Bank of Baroda
c. State Bank of India
d. Punjab National Bank

ANSWER: State Bank of India
 
Customers of State Bank of India (SBI) can now use their debit cards on PayPal for buying products from overseas websites. The partnership will also allow SBI's Micro Small and Medium Enterprise (MSME) customers to use PayPal's secure payment solutions.

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