DCB Bank has launched ‘mVisa’, a mobile-based payment solution that can be used to make retail payments easier. The bank’s customers can now pay through their smart phones by scanning a unique QR code at the retail outlet. Customers of any mVisa issuing bank can make digital payments at mVisa-enabled retail outlets. Chennai-based digital payment companies M2P Solutions and GI Technology have provided the technology to implement mVisa. The bank said it has enabled over 1000 Smart Shop retail outlets with the mVisa solution and plans to expand it to over 25,000 shops across India in the coming months. Through mVisa, customers can also avail themselves of Cash@POS service and pay for goods and services directly using their smart phones.
