State Bank of India, India’s largest bank, has launched SBIePay, an online payment gateway facilitating e-commerce/m-commerce transactions for merchants, customers & others. Some of the top features of the sevice are Merchant can add various channels to allow their customers to transact − Kiosk, ATM, IVR, e-Commerce, Mobile, Aadhar, POS, etc, add products/segments on daily basis and in a dynamic nature & others. Indian online payment gateway has been dominated by billdesk & ccavenue.
SBI being the largest bank & with a variety of financial products & services is sure to shake up the Indian payment gateway market. SBI’s brand is respected and trusted all over the country. SBIePay wants to be the one stop solution for processing all online payment modes from all bank accounts.