Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.428)

428. 

Hitachi Payment Services Pvt Ltd and this bank jointly establishing a digital payments platform for India.

[A]. Axis
[B]. ICICI
[C]. HDFC
[D]. SBI

Answer: Option D

Explanation:

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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