Is Sterling Bank’s QSpend Changing How We Gift Money?

Question 1

What is Sterling Banku2019s new product that reimagines gifting money?

Accepted Answer

QSpend

Answer

QSend

Answer

QTransfer

Answer

QCash

Question 2

What technology does QSpend use to facilitate payments?

Accepted Answer

QR codes

Answer

NFC tags

Answer

Blockchain

Answer

Bluetooth

Question 3

What is a major advantage of using QSpend over traditional bank transfers?

Accepted Answer

It doesn't require the giver to know the recipient's bank details.

Answer

It eliminates all transfer fees.

Answer

It automatically withdraws cash from ATMs for recipients.

Answer

It offers rewards for bulk transactions.

Question 4

How are the QSpend booklets distributed?

Accepted Answer

Collected from Sterling Bank branches

Answer

Through online downloads

Answer

Via postal mail

Answer

Sent via SMS

Question 5

How does QSpend handle cases of lost or stolen payment slips?

Accepted Answer

Sterling Bank can deactivate affected slips.

Answer

The slips cannot be replaced or deactivated.

Answer

Givers must report to the police.

Answer

The responsibility lies solely with the recipient.