SBI Payments

SBI Payments is the merchant acquiring joint venture through which State Bank of India provides acquiring in India. The legal entity is SBI Payments Services Pvt. Ltd. (CIN U67100MH2010PTC200030), and its parent group is State Bank of India. The address is the 23rd Floor, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel West, Mumbai, Maharashtra 400013.

Product range The official line-up includes POS terminals for debit, credit and prepaid cards, YONO Merchant with Bharat QR (BQR), BHIM-Aadhaar and electronic toll collection. The listed services are merchant acquiring, POS, Bharat QR, BHIM-Aadhaar and toll collection.

Why it matters Combining card POS with QR and Aadhaar-based payments lets a merchant accept the main Indian retail payment modes from one provider. Toll collection is a separate segment that suits infrastructure operators rather than ordinary shops.

What to clarify The available facts do not give settlement times, fees or onboarding requirements. Merchants should obtain the current pricing and documentation list directly.

Who it suits Indian retailers, service businesses and highway or toll operators that look for acquiring tied to the country's largest state-owned bank and that need card, QR and Aadhaar acceptance.