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State Bank of India has launched “SBIePay”, an online aggregator service, to facilitate e-Commerce/ m-Commerce transactions between merchants, customers and various financial institutions for all kinds of payments.
The service (domain name: https://sbiepay.com) will provide payment facilities to a large number of customers for undertaking online transactions.
SBIePay is also in the process rolling out Electronic Bill Presentment and Payment platform (EBPP) and IVRS for making payment over phones.
As a bank and payment aggregator, SBIePay will bring in additional payment modes, new merchant categories, with a special focus on Government merchants i.e., Central, State Departments and Municipal Corporations, the bank said in a statement.
SBIePay will leverage the Bank’s own Payment Gateway to process all credit/debit card transactions and the internet banking platform of the State Bank Group.
SBIePay is already in the process of tying up with more than 40 banks in order to process their Internet Banking payments.
SBIePay will provide business information and analytics to the merchants and banks for all transactions as an add on feature.
Arundhati Bhattacharya, Chairman, State Bank of India launched SBIePay at the Corporate Centre, Mumbai.
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