Private lender, SBM Bank (India) Ltd has partnered with Mastercard to revolutionize domestic and cross-border payments and remittances services. The SBM Bank India customers will be able to make real-time domestic business-to-consumer transfers quickly and efficiently using ‘Mastercard Send’.
The Bank has been leading the collaboration narrative to access the best-in-class solutions with its switching partner, YAP. YAP is an API (application programme interface) infrastructure company. The company works with banks and financial institutions as product providers.
SBM Bank India is the first bank to receive a universal banking licence from the RBI to set up and operate as a scheduled commercial bank through the wholly-owned subsidiary mode. The bank has a network of six branches located in Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Ramachandrapuram.
Important takeaways for all competitive exams:
Rivers are very important for life, providing water for drinking, farming, and transportation. Some rivers…
Electronic Data Processing (EDP) means using computers to handle information automatically. It allows organizations to…
Some cities in the world have unique nicknames based on their weather, history or appearance.…
There are many tall and beautiful mountains in the world, each with its own special…
There is a famous city in South Africa that is known for its rich history…
Senior politician and former Union Minister Suresh Kalmadi passed away in Pune at the age…