e-wallet: ‘Virtual’ card for online transactions
Moneylife Digital Team 10 May 2012

State Bank of India (SBI) launched a ‘virtual’ electronic debit card for e-commerce transactions. It can be created by a customer using the SBI’s Internet banking facility. The product allows the user to create a virtual card for any online transaction. The customer is not required to share the details of the principal account on the merchant’s website. There are no charges on creation of the...

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