Subscribe
|
|
|
|
|
|
|
News

SBI invests in digital payments company Cashfree

Monday 7 June 2021 13:04 CET | News

India-based digital payments and banking technology company Cashfree has announced that the State Bank of India (SBI) has made an investment in the organisation. 
An enabler of payments innovation, Cashfree provides a full-stack payments solutions platform enabling over 100,000 growing businesses in India and across the globe to accept and disburse payment online through a single integration. Cashfree processes transactions worth USD 20 billion annually. Apart from India, Cashfree’s products are used in eight other countries including the USA, Canada, and the UAE. 

Incubated by payments pioneer PayPal, Cashfree is backed by Apis Partners, Smilegate, and Y Combinator. Cashfree is used by businesses like Zomato, CRED, Nykaa, Delhivery, Acko, Shell, among others for various business payment needs like ecommerce payment collection, vendor payments, marketplace settlements etc. 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: investment, digital payments, central bank
Categories: Banking & Fintech
Companies:
Countries: India
This article is part of category

Banking & Fintech

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like