Recently, which of the following banks formed a Joint Venture (JV) with Hitachi Payment Services Pvt Ltd to create a digital payment network?
Canara Bank
State Bank of India
ICICI Bank
HDFC Bank
Bank of Baroda
Answers
Answer:
Recently in October 2018 State Bank of India formed a Joint Venture (JV) with Hitachi Payment Services Pvt Ltd to create a digital payment network.
Explanation:
State Bank of India (SBI) and Japan' Hitachi' made a Joint Venture (JV) for providing card acceptance and digital payments platform in India.
SBI had a majority stake in the proposed joint venture and will leverage its dominant branch network by utilizing the relationship with Corporate & Governments.
The joint venture will offer complete suite of payment options to clients and traders focussing on regions including roll-out of a national card acceptance infrastructure,QR code acceptance, mass transit zone and e-commerce corporations.
Answer:
Recently in October 2018 State Bank of India formed a Joint Venture (JV) with Hitachi Payment Services Pvt Ltd to create a digital payment network.
Explanation:
State Bank of India (SBI) and Japan' Hitachi' made a Joint Venture (JV) for providing card acceptance and digital payments platform in India.