State Bank of India and Hitachi Payments formed joint venture for digital payment platform

Posted on:30 Oct 2018 12:06:30
State Bank of India and Hitachi Payments formed joint venture for digital payment platform
30 October 2018 Current Affairs: State Bank of India (SBI) and payments solution provider Hitachi Payment Services India entered into an agreement to form a joint venture for establishing a card acceptance and digital payment platform.

According to the joint venture (JV), Hitachi will pick up 26 percent stake in SBI Payment Services, a wholly-owned subsidiary of SBI.

The JV will have various payment options to customers and merchants.
State Bank of India (SBI) and payments solution provider Hitachi Payment Services India entered into an agreement to form a joint venture for establishing a card acceptance and digital payment platform.

According to the joint venture (JV), Hitachi will pick up 26 percent stake in SBI Payment Services, a wholly-owned subsidiary of SBI.

The JV will have various payment options to customers and merchants.

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