{"id":14616,"date":"2020-07-06T07:54:44","date_gmt":"2020-07-06T07:54:44","guid":{"rendered":"https:\/\/yourchennai.com\/?p=14616"},"modified":"2020-07-06T07:54:44","modified_gmt":"2020-07-06T07:54:44","slug":"sbm-bank-taps-mastercard-send-for-faster-smarter-payments-solution-for-customers-across-india","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2020\/07\/06\/sbm-bank-taps-mastercard-send-for-faster-smarter-payments-solution-for-customers-across-india\/","title":{"rendered":"SBM Bank taps Mastercard Send™ for faster, smarter payments solution for customers across India"},"content":{"rendered":"
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Mastercard Send™<\/em>\u00a0\u00a0<\/sup>is designed to empower banks, merchants and fintech\u2019s to modernize domestic and cross-border payments and remittances<\/em><\/h3>\n

SBM Bank (India) Ltd and Mastercard today announced a partnership to revolutionize domestic and cross-border payments and remittances through Mastercard Send™. SBM Bank India customers will be able to make real-time* domestic business-to-consumer (B2C) transfers quickly and efficiently using Mastercard SendTM<\/sup>.<\/p>\n

Remittances and payments businesses have become the cornerstone of SBM Bank India\u2019s growth strategy. As banking evolves to become more personal, platform-agnostic and always-on – the Bank has been leading the collaboration narrative to access the best-in-class solutions with its switching partner, YAP. Mastercard Send™ plays a key role in diversifying Mastercard\u2019s payment flows and enhancing payment experiences for customers.<\/p>\n

Commenting on the partnership, Neeraj Sinha<\/strong>, Head-Retail & Consumer Banking, SBM Bank (India), said, \u201cWe are committed to offer banking solutions for smarter tomorrow to our customers each day. Towards this, we have always believed in partnering with the best companies. It is my pleasure to collaborate with Mastercard to offer Mastercard Send™\u00a0– a secured and innovative solution – crafted to modernize domestic and cross-border payments and remittances.\u201d<\/p>\n

\"MasterBenjamin Gilbey<\/strong>, Senior Vice President, Digital Payments and Labs, Asia Pacific, Mastercard said, \u201cThe partnership with SBM Bank Ltd, powered by Mastercard Send™, allows their customer base to offer quick, convenient and secure payments experiences. This partnership is another example of how Mastercard Send™\u00a0is providing innovative new solutions for people all around the world, enabling them to send and receive money, when, where and how they choose.\u201d<\/p>\n

Vikas Varma<\/strong>, Chief Operating Officer, South Asia, Mastercard said, \u201cAs India continues to evolve as a digital economy, there is a need for simple, safe, and real-time solutions that allow merchants, businesses and consumers to make and receive payments. Mastercard Send™\u00a0addresses this need and provides an unmatched experience. Mastercard\u2019s partnership with SBM Bank India allows customers to experience the ease of transferring money that this technology offers.\u201d<\/p>\n

Madhusudanan<\/strong>, Co-Founder, YAP said,\u201d In the mobile first world, safe, secure and reliable transactions are imperative to the adoption of digital payments, Mastercard Send is a shining example exemplifying the same, we are glad to be powering this for SBM Bank and its partners as part of our API platform.\u201d<\/p>\n

*Actual posting times for approved transactions will depend on the receiving financial institution<\/p>\n","protected":false},"excerpt":{"rendered":"

Mastercard Send™\u00a0\u00a0is designed to empower banks, merchants and fintech\u2019s to modernize domestic and cross-border payments and remittances SBM Bank (India) Ltd and Mastercard today<\/p>\n","protected":false},"author":1,"featured_media":14617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,30],"tags":[19158,19159,19160,19156,19157],"class_list":["post-14616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-companies-economy","category-news-business-political-national-realestate","tag-mastercard","tag-mastercard-send","tag-payments-solution","tag-sbm-bank-india","tag-yap"],"views":835,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/07\/SBM-Bank-India-Master-Card-Tie-up.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=14616"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14616\/revisions"}],"predecessor-version":[{"id":14619,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14616\/revisions\/14619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/14617"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=14616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=14616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=14616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}