SBI, Hitachi arm to roll out digital payments platform

State Bank of India (SBI) and Hitachi Payment Services Pvt Ltd, a wholly-owned subsidiary of Hitachi Ltd has launched their merchant-acquiring joint venture, SBI Payment Services Pvt Ltd (SBIPSPL) in Mumbai for establishing a digital payments platform for India and other countries in the region.

The joint venture (SBI) has a 74 percent stake, and the balance is with Hitachi Payment Services) will facilitate expansion of the digital payments landscape in India via its digital payments platform.

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