State Bank of India - News, Articles & Research

Company announcement/startups

State Bank of India opens innovation hub for fintech collaboration

State Bank of India (SBI), the country’s largest bank, launches ‘SBI Innovation Hub’ in partnership with APIX, a leading global collaborative innovation platform for financial institutions and fintechs.

12 November 2024

News/crime

Sibos: Interpol’s I-GRIP tool requested by increasing number of countries

Australia, Canada, Japan, Korea and Spain were among those mentioned as requesting to use Interpol’s Global Rapid Intervention of Payments (I-GRIP) system by Sungyong Kang, criminal intelligence officer, Interpol, during a panel at Sibos.

23 October 2024

Company announcement/payments

State Bank of India signs deal with Flywire

Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today announced that it has partnered with State Bank of India, India’s largest public sector bank, to enable Indian payers to seamlessly and digitally pay international education-related fees in their local currency (Indian Rupees) to higher education institutions all over the world.

08 February 2024

News/payments

Pine Labs scores $20 million investment from State Bank of India

Riding the BNPL wave, Mastercard-backed Indian merchant commerce platform Pine Labs has picked up a fresh $20 million investment from the country's largest commercial bank, the State Bank of India (SBI).

04 January 2022

News/startups

State Bank of India invests in local payments processor Cashfree

State Bank of India has made an undislcosed investment in Paypal-incubated digital payments processor Cashfree.

07 June 2021

News/inclusion

India's NPCI and SBI Payments launch NFC-based SoftPOS system

National Payments Corporation of India (NPCI) has teamed up with a State Bank of India unit to launch a tool that turns NFC-enabled phones into merchant point-of-sale terminals.

10 March 2021

Company announcement/wholesale

State Bank of India in the US deploys Surecomp to support trade finance growth

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that the State Bank of India (California) (SBIC), has selected and gone live with its back-office trade finance processing automation solution DOKA-NG.

03 February 2021

Company announcement/payments

State Bank of India introduces contactless payments wristwatch

Last month, the State Bank of India (SBI), in partnership with IBM and the watchmaker Titan, released Titan Pay, the country’s first contactless payments wristwatch.

07 October 2020

Company announcement/payments

State Bank of India turns to ACI Worldwide for payment switch modernisation

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, has modernized payments infrastructure for ATM and point-of-sale (POS) at State Bank of India (SBI), the country’s largest bank with more than 440 million account holders.

09 September 2020

Company announcement/payments

SBI Card and IRCTC launch co-branded contactless credit card on RuPay platform

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) today launched the IRCTC SBI Card on RuPay platform.

28 July 2020

News/retail

Monkey business: primate goes bananas at ATM

Humans may be avoiding cash during the Covid-19 pandemic but one of our primate cousins was less discerning this week as it ripped up an ATM.

08 May 2020

Company announcement/ai

Microsoft and SBI Foundation collaborate on training for staff with disabilities

Microsoft India today announced a collaboration with SBI Foundation to create opportunities for youth living with disabilities in the Banking, Financial Services and Insurance (BFSI) sector.

24 February 2020