SBI JV with Elavon, Visa

SBI JV with Elavon, Visa

Merchant acquiring business is facilitation of payment through debit or credit card at the retail outlets.

The terms of arrangement are being worked out, SBI said in a notification filed with Bombay Stock Exchange here. 

Meanwhile, SBI is planning to place about 1.50 lakh PoS terminals for debit and credit card payments across the country in the next fiscal.

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