 "State Bank of India")
Country’s largest lender State Bank of India (SBI) and Japan' Hitachi will enter into a joint venture (JV) for establishing card acceptance and digital payments platform in India. Hitachi Payments Services, a unit of Hitachi, will pick up 26 per cent stake in SBI Payment Services, a wholly-owned subsidiary of SBI. Both parties will apply for regulatory approvals, Hitachi said in a statement on Monday.
Last year in October, SBI had shortlisted three companies — Hitachi, Worldline and First Data Corporation — for a JV in the merchant-acquiring business and had proposed to transfer its business of deploying credit card
