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A day after Amazon pact, SBI signs deal with PayPal for cross-border transactions

May 21, 2015    

Kolkata: Country's largest lender State Bank of India today signed an MoU with digital payments company PayPal for facilitating cross-border transactions.SBI managing director and group executive (national banking) B Sriram said the pact will help its nine lakh SME customers make such transactions in a safe and secured manner.Initially, he said, the MoU aims at facilitating cross-border transactions after which domestic payments would be covered.Subsequently, SBI would look into e-governance areas like e-visas, e-travel documents, he said.The facility would also be available to SBI debit card ...

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