Which Bank and Hitachi Payment Services Pvt 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?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Indian Overseas Bank
B	Bank of Baroda
C	State Bank of India
D	United Bank of India

Explanation:

Detailed explanation-1: -SBI Life is listed on BSE And NSE (Stock Exchanges in India) and is a leading Life Insurance company in India. SBI Life started as a joint venture with BNP Cardif S.A, which is the life and property & casualty insurance arm of BNP Paribas, one of the strongest banks in the world, in 2001.

Detailed explanation-2: -The correct answer is NPCI. SBI Payments has partnered with Hitachi Payment Services to develop the capability to acquire e-RUPI transactions on the Yono SBI Merchant app.

Detailed explanation-3: -SBI Card is operated through two joint-ventures-SBI Cards & Payment Services (SBICPSL), which focuses on the marketing and distribution of SBI Cards, and GE Capital Business Process Management Services (GECBPMSL) handling the technology and processing needs.

Detailed explanation-4: -SBI Payment Services Private Limited provides card acceptance and digital payment platform.

There is 1 question to complete.