SBM Bank India Partnered with Mastercard to facilitate Real-time domestic-THE HINDU-07-07-2020
Context: SBM Bank India Partnered with Mastercard to facilitate Real-time domestic & cross-border payments & remittances through ‘Mastercard Send’.
*SBM Bank India has partnered with Mastercard to enable its customers to make real-time domestic & cross-border payments and remittances quickly and efficiently through ‘Mastercard Send’.
*Remittances and payments businesses have become the cornerstone of SBM Bank India’s growth strategy.
*Mastercard Send is a secured and innovative solution.
*SBM Bank India is the first bank to receive universal banking licence from the RBI to set up and operate as a scheduled commercial bank through the wholly-owned subsidiary mode.
*It has been leading the collaboration narrative to access the best in class solutions with its switching partner, YAP as banking evolves to become more personal and platform-agnostic.
*The bank has a network of six branches located in Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Ramachandrapuram.
*The company works with banks and financial institutions as product providers.