Tag Archives: State Bank of India

SBI Card customer base grows to five million

By | September 18, 2017

Hyderabad: SBI Card, the second largest card issuer in the country, has grown its cardholder base to five million by adding one million pluscustomersover the last year. The company has also seensignificant increase incard spend which has grown from an average ofRs 3500 crores per month to Rs 5500 crores plus per month,over last one year. This has… Read More »

SBI Card to start contactless payments

By | September 12, 2017

    MUMBAI: SBI Card customers could soon make payments by merely tapping their smartphone on a swipe machine. SBI Card is updating its mobile application to enable customers make contactless payments at point of sales (PoS) terminals using a technology called Host Card Emulation (HCE) which enables dematerialisation of the card. Cardholders of the bank already use smartphones as an alternative… Read More »