SBI Payment Services Pvt. Ltd., known as SBI Payments, is a financial services company based in Mumbai, Maharashtra. It is a joint venture initiated by the State Bank of India to enhance payment acceptance solutions and merchant acquiring services. The company is led by Managing Director and CEO Girikumar M. Nair, with Ashwini Kumar Tewari serving as the chairman. SBI Payments offers a range of solutions for merchants to facilitate cashless transactions. These include accepting credit and debit card payments, QR code transactions, app-based payment solutions like UPI P2M and YONO Sale, and Aadhaar-based transactions through Bhim Aadhaar SBI. The company has a strong presence in the Indian market, with over 1.26 million Point of Sale (POS) terminals installed, capturing around 15% of the market share and leading in transaction volume with approximately 25% market share. SBI Payments plays a vital role in expanding SBI's digital payment ecosystem.