US Payments Giant Stripe In Talks To Acquire Stake In SBI Payments Investment: Report

US Payments Giant Stripe In Talks To Acquire Stake In SBI Payments Investment: Report

SUMMARY

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.

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