M2P Fintech collaborates with SBI to transform prepaid payment systems.

Banking & Finance

M2P Fintech, based in Chennai (Tamil Nadu), has joined forces with State Bank of India (SBI), headquartered in Mumbai (Maharashtra), to improve the prepaid payment ecosystem in India.


      - This strategic partnership aims to combine M2P Fintech's cutting-edge technology platform with SBI's vast network to deliver a seamless and secure payment experience.

      - As part of this partnership, M2P Fintech will assist SBI in enhancing its prepaid offerings by incorporating advanced features like real-time tracking, instant card issuance, and improved fraud prevention mechanisms.

     

Main Point :-   (i) The partnership strengthens the capabilities of prepaid payment systems, providing a more efficient alternative to traditional payment methods.

      (ii) This collaboration supports India's digital transformation in payment infrastructure, promoting financial inclusion and assisting the government's push for a cashless economy.


About SBI

Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai
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