Empowering merchants and businesses with innovative, secure, and seamless payment solutions.
Simplifying Payments, Empowering Businesses
At SBI Payments, we’re reimagining how merchants across India accept and manage payments. Backed by the trust of State Bank of India, our solutions are built to serve businesses of all sizes—from local shops to national enterprises.
11L+
Merchants
17L+
Terminals
1050+
Cities
Empower your business with SBI Payments and unlock the freedom to focus on what truly matters—delighting your customers and driving growth.
Say ‘goodbye’ to
- The chaos of managing multiple payment systems
- Long hours spent balancing cash and accounts
- Sleepless nights worrying about security risks
Say ‘hello’ to
- Effortless transactions powered by advanced Point of Sale (PoS) technology
- Lightning-fast payments with tap, scan, and dip
- A secure, reliable payment network trusted by millions of merchants
Nominee Directors
Shri Ashwini Kumar Tewari
Chairman of the Board, SBI Payments.
Managing Director (Corporate Banking & Subsidiaries) State Bank of India
Shri Sujay Kumar Yadav
MD & CEO, SBI Payments
Shri Nitin Chugh
Deputy Managing Director & Head (Digital Banking & Transformation), State Bank of India
Shri Atul Srivastava
Chief General Manager - Associates & Subsidiaries Dept - State Bank of India
Shri Sumil Vikamsey
Managing Director, CEO- Cash Business-Hitachi Payment Services Private Limited.
Shri Anuj Khosla
Chief Executive Officer – Digital Business -Hitachi Payment Services Private Limited.
Non- Executive Directors
Dr. Ganesh Natarajan
Independent Director Executive Chairman and Founder of 5F World
Shri Sanjay Panse
Non-Independent Director Founder and Senior Partner of S Panse & Co LLP, Chartered Accountants.
Shri Sharad Sharma
Additional Director (Independent) Retired Managing Director of State Bank of Mysore
Leadership Team
Shri Sujay Kumar Yadav
MD & CEO, SBI Payments
Shri Naveen Kumar
CFO, SBI Payments
Shri Tarun Singh
COO, SBI Payments
Shri Ravi Singh
CTO, SBI Payments
Resignation of Directors
| 1 | Shri Ravindra Pandey (DIN: 07188637) resigned as a Director and Chairman of the Board with effect from May 15, 2019. |
| 2 | Shri Mihir Mishra (DIN: 08321878) resigned as an Additional Director of the Company with effect from July 24, 2019. |
| 3 | Shri Ram Narayana Boga (DIN: 07642168) resigned as a MD & Chief Executive Officer of the Company with effect from May 08, 2020 at the close of business hours. |
| 4 | Shri Shree Prakash Singh (DIN: 08026039) resigned as a Nominee Director of the Company with effect from July 31, 2020 at the close of business hours. |
| 5 | Shri Navtej Singh (DIN: 07566889) resigned as a Nominee Director of the Company with effect from August 20, 2020. |
| 6 | Shri Swaminathan Janakiraman (DIN: 08516241) resigned as a Nominee Director and Chairman of the Board with effect from January 27, 2021. |
| 7 | Shri Devendra Kumar (DIN: 08828056) resigned as a Nominee Director of the Company with effect from June 08, 2021. |
| 8 | Shri Rajendra Deshpande (DIN: 08321859) resigned as a Nominee Director of the Company with effect from May 31, 2022 at the close of business hours. |
| 9 | Shri Ashwini Kumar Tewari (DIN: 08797991) resigned as a Nominee Director and Chairman of the Board with effect from July 14, 2022. |
| 10 | Shri Sethurathnam Ravi (DIN: 00009790) resigned as an Independent Director of the Company with effect from November 14, 2022. |
| 11 | Shri Rustom Irani (DIN: 00162574) resigned as a Nominee Director of the Company with effect from April 20, 2023. |
| 12 | Shri Abhaya Prasad Hota (DIN: 02593219) resigned as an Independent Director of the Company with effect from June 12, 2023. |
| 13 | Shri Swaminathan Janakiraman (DIN: 08516241) resigned as a Nominee Director and Chairman of the Board with effect from June 26, 2023. |
| 14 | Shri Mihir Mishra (DIN: 08321878) resigned as a Nominee Director of the Company with effect from July 31, 2023. |
| 15 | Shri Aravamudan Krishnakumar (DIN: 00871792) retired as an Independent Director of the Company with effect from February 25, 2024 upon expiry of second term. |
| 16 | Shri Shankar Aggarwal (DIN: 02116442) retired as an Independent Director of the Company with effect from February 25, 2024 upon expiry of second term |
| 17 | Shri Girikumar M. Nair (DIN: 08736699) resigned as MD & Chief Executive Officer of the Company with effect from March 31, 2024 |
| 18 | Shri Debangshu Munshi (DIN: 10242136) resigned as a Nominee Director of the Company with effect from September 30, 2025. |
*Last updated on November 25th, 2025.
Joint Venture
Joint Venture
SBI became the first public sector bank to form an exclusive JV with Hitachi Payments Services Private Limited for merchant acquiring business and commence the journey to create a state-of-the-art acceptance ecosystem in all geographies of the country and enable the merchants to accept payments digitally across various form factors.