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ICICI Bank blocks transactions through Flipkart’s PhonePe as turf war looms

Monday, January 16, 2017 | More »

In what is a sign of rising competition between large banks and digital wallets over grabbing the retail payment pie, India’s largest private bank, ICICI Bank, has blocked payments by its customers on Flipkart-owned digital wallet PhonePe, citing “security-related” concerns. In an emailed resp...


Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already e...

24 October, 2016 | More »


State Bank of India sets up $30 mn fund to back fin-tech startups

In order to fund start-ups in the financial technology (fintech) space, country’s largest lender SBI has set up a Rs 200 crore fund. “This fund shall consider assistance of up to Rs 3 crore to an Indian registered company for promoting their business innovations using IT in India for ban...

16 June, 2016 | More »


SBI partners Ezetap to launch ATM-cum-PoS terminal

India’s largest bank, SBI, has partnered with Bangalore-based mobile payments service provider Ezetap Mobile Solutions Pvt Ltd to launch an ATM-cum-PoS (Point of Sale) terminal for kirana stores, which allows consumers to make payments through their bank accounts like any other debit card payment ...

7 October, 2014 | More »


SBI partners with mobile payments service provider Ezetap to deploy 0.5M mPOS terminals in India

State Bank of India (SBI) has chosen Bangalore-based mobile payments service provider Ezetap Mobile Solutions Pvt Ltd to launch the largest mobile Point of Sale (mPOS) deployment in India till date. The ‘made in India’ solution will be made available to customers of the bank and its associate ba...

11 June, 2014 | More »


SBI launches payments aggregator SBIePay to enable electronic transactions in India

State Bank of India or SBI, the largest bank in the country has launched SBIePay, a payment aggregator service to facilitate electronic (e-commerce / m-commerce) transactions between merchants, customers and various financial institutions in the country. As part of the new service, SBI will provide ...

14 March, 2014 | More »


SBI partners with MartJack to launch horizontal e-com marketplace; what’s the point?

The State Bank of India (SBI), the largest public sector bank in the country, has quietly launched a horizontal e-commerce marketplace for its own debit card holders. The venture is powered by MartJack, an e-commerce solutions provider owned and operated by Hyderabad-based Reasoning Global eApplicat...

10 January, 2014 | More »


SBI enables cash withdrawals from POS terminals; what to expect?

State Bank of India’s (SBI) 14 crore debit card holders can now withdraw cash from their nearest shop that has a point-of-sale (POS) terminal installed. SBI has allowed cash withdrawal of up to Rs 1,000 from any shop or trader with a POS terminal. As per a report by The Hindu Business Line, this m...

25 November, 2013 | More »

From L: Naveen Surya, M. Sukumar, Rajat Kathuria, SS Tarapore, Mayur Patel

Digital Payment Industry Needs Multiple Models To Push Financial Inclusion

The vast number of unbanked families, the growth of debit and credit cards and rising usage of prepaid cards is indicative of the potential for digital payments industry in India. Players in the ecosystem including prepaid card providers ItzCash Card and Oxigen Services India, banks such as HDFC and...

13 September, 2011 | More »

SBI Launches NFC Card

Public sector bank State Bank of India and Banglore Metro has launched a new service which will enable commuters to travel on Namma Metro with the help of their debit cards. SBI will start issuing the NFC (Near Field Communication) enabled debit cards today. The cards will also work as travel smart ...

7 July, 2011 | More »

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