State Bank of India (SBI)
News stories featuring State Bank of India (SBI):
January 4th, 2017
Indian mobile payments provider Paytm has been granted permission from the Reserve Bank of India to formally launch a payments bank. “Our aim is to build a new business model in the banking industry, focussed on bringing financial services to hundreds of millions of unserved or underserved Indians,” the company says.
January 3rd, 2017
State Bank of India has stopped its customers from transferring money into Paytm mobile wallets, instead encouraging them to make use of its own State Bank Buddy service. The move was announced via Twitter in response to a customer complaint. The move follows the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes in India in November last year. Paytm processed 1bn transactions in 2016, the mobile payment provider reveals in a blog post.
November 10th, 2016
Smartphone maker Micromax is to offer the mVisa QR code-based mobile payments service through its Udio mobile app across India, in collaboration with Visa and payments solution provider TranServ. The service will be available to…
September 21st, 2016
Visa has launched its mVisa QR code-based mobile payment service in Kenya with Co-Operative Bank, Family Bank, KCB and NIC Bank. “With mVisa, consumers can directly access all of the funds in their bank accounts to pay merchants or individuals,” Visa says. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to offer the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016. It is due to arrive in Nigeria by the end of this year.
August 18th, 2016
Visa is in “advanced discussions with leading Nigerian banks” — including Diamond Bank — to roll out its mVisa QR code-based mobile payments service in the country before the end of 2016. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to launch the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016.
May 6th, 2016
Customers of State Bank of India (SBI) can now make QR code-based mobile payments using mVisa, the mobile payment platform unveiled by Visa and piloted by SBI in August 2015. “Bank customers can simply download the latest version of SBI Anywhere application and register for mVisa payments by simply clicking the mVisa icon on the home screen,” SBI says. “In the first phase, SBI’s mVisa service has been introduced in Bangalore city — this facility will be gradually expanded to other cities.”
November 16th, 2015
State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports. “The bank is also planning to launch another version of Batua for very basic phones which does not offer internet access and does not entail downloading any app.” SBI is one of six banks currently testing a mobile payments service developed by Visa in Bangalore.
August 6th, 2015
India’s Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) are to pilot a mobile payment service developed by Visa this summer that will let select customers make in-store, online and bill payments as well as send and receive money using their mobile devices.
October 15th, 2010
State Bank of India (SBI) has acquired a 20% stake in A Little World (ALW), developer of an NFC-based low cost bank branch solution, DealCurry reports. SBI has paid INR800m (US$18m) for the stake, valuing…
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