
According to reports, Stripe is seeking to enter a joint venture with State Bank of India, aiming to acquire a significant stake in SBI Payments Ltd
Currently, SBI Payments is a joint venture between State Bank of India and Hitachi Payments Services Private Limited, with the bank holding a 74% stake
The deal is anticipated to be carried out through Stripe’s Indian subsidiary Stripe India Private Limited
Global digital payments startup Stripe is reportedly looking to acquire a significant stake State Bank of India’s (SBI) payments subsidiary, SBI Payments Limited, through a partnership.
The US fintech giant is seeking to enter a joint venture with State Bank of India, aiming to acquire a significant stake in SBI Payments Ltd, according to a Hindu Business Line report.