SBI launches NAV-eCash Card for Indian Navy onboard INS Vikramaditya
- The State Bank of India (SBI) has partnered with the Indian Navy to launch NAV-eCash card for the naval personnel onboard the country’s largest Naval Aircraft carrier INS Vikramaditya.
- The new digital payment solution will remove the difficulties faced by personnel onboard in handling physical cash during deployment of the ship at high seas.
- The card will facilitate both online as well as offline transactions, even when the ship is in high seas where there is no connectivity.
- The NAV-eCash Card will do away with the dependency on cash for utilization of any of the services onboard and create a secured, convenient and sustainable payment ecosystem.
Points to Remember:
- Which bank has launched the NAV-eCash card for the Indian Navy?
- The NAV-eCash card has been launched for Navy personnel onboard which ship?
Source: Economic Times