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SBI, Hitachi bring scale to digital payments in Indian joint venture

The State Bank of India and Hitachi Payment Services plan to bring their heft to a joint merchant acquiring venture to expand digital payments in India. The companies are forming SBI Payment Services in Mumbai to support a digital payment platform capable of bringing new technology to merchants of all sizes and protect it with artificial intelligence and other Hitachi capabilities. "Through this joint venture, we aim to maintain our position as the top acquirer in the merchant digital payments space by providing technologically superior and seamless services to our customers," Shri Rajnish, chairman of State Bank of India, […]

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