State Bank Of India

State Bank of India (SBI) has joined hands with Samsung Pay to expand the benefits of digital payments to more smartphone users. This will enable 13 crore debit cardholders dematerialize their cards and store it in their phones for use in credit card swipe machines.

Samsung Pay is a platform that allows the users to make payments by waving the Samsung mobile phone near a cash register instead of swiping a card.

State Bank of India (SBI) offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.