1.

Which bank has formed a Joint Venture with Hitachi Payment Services Pvt Ltd to create a digital payment network?1). ICICI2). HDFC3). Axis4). SBI

Answer»
  • State Bank of India (SBI) formed a Joint VENTURE (JV) with Hitachi Payment Services Pvt Ltd to create a digital payment network.
  • Hitachi Payments will invest 26% in SBI Payment Services Pvt Ltd, a wholly-owned SUBSIDIARY of SBI.
  • The JV AGREEMENT is subject to requisite regulatory approvals.
  • The JV will provide VARIOUS payment OPTIONS to customers and merchants.


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