13.05 (1.23%) State Bank of India (SBI) and Hitachi Payment Services, unit of Japanese Hitachi have launched a merchant acquiring joint venture (JV), SBI Payment Services (SBIPSPL) in Mumbai, for establishing a state-of-the-art digital payments platform for India and other countries in the region.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.