State Bank of India Selects Elavon, Visa for Merchant Acquiring jV
India’s Economic Times is reporting that the State Bank of India “has selected US-based Elavon Incorporation and Visa International as its joint venture partners for merchant acquiring business.” See also this article in The Hindu Business Line. It reports that SBI will retain a 51 percent interest in the jV called SBI Payment Services Pvt Ltd.
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