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'SmartHub Merchant Solutions 3.0’

Published on November 12, 2020
Current Context: The private sector bank, HDFC Bank in partnership with Visa launched the ‘SmartHub Merchants Solutions 3.0’.
'SmartHub Merchant Solutions 3.0’
  • The solution is termed to be India’s first comprehensive banking and payment solution for merchants. 
  • The ‘SmartHub Merchants Solutions 3.0’ allows merchants and self-employed professionals to open a current account instantly and to accept payments in-store and in an online way. 
  • This solution will prove beneficial to 20 million small & medium merchants and self-employed professionals.
  • The solution is available in the form of app-based, web-based and in range of PoS devices.
  • It allows payment collection through Bharat QR, Aadhaar Pay, UPI, SMS, Google Pay, Credit cards and debit cards etc.
  • Static Part: 
    • HQ of HDFC Bank: Mumbai
    • MD and CEO of HDFC Bank: Sashidhar Jagdishan
    • HQ of Visa: California, US
    • Chairman and CEO of Visa: AlfredF Kelly Jr.


Q.1 Which organisation launched ‘SmartHub Merchants Solutions 3.0’?
a. ICICI Bank
b. Federal Bank
c. Bandhan Bank
d. HDFC Bank

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