Union Bank of India is the first to launch a virtual banking lounge on Metaverse.

The state-owned Union Bank of India announced on July 8 the launch of a Metaverse-based virtual lounge where it will virtually showcase its products to customers.

The lender is the first in India to open a virtual publicity shop.

"In the initial phase, Uni-verse, the bank's Metaverse virtual lounge, hosts the bank's product information and videos."

JPMorgan launched its lounge on the Metaverse platform Decentraland.

Swipe up and know what will be the benefit of this move of Union Bank.