SBI Payment Services Pvt. Ltd.
Nitin Chugh is currently serving as the Deputy Managing Director and Head of Digital Banking at State Bank of India since March 2022. In addition, Nitin holds the position of Nominee Director at SBI Payment Services Pvt. Ltd. since July 2022 and will serve as Nominee Director at SBI Card until March 2025 and at Open Network For Digital Commerce (ONDC) until December 2024. Previously, Nitin was the Managing Director and CEO of Ujjivan Small Finance Bank from August 2019 to September 2021. Nitin's educational background includes a B.Tech in Electrical and Computer Science from National Institute of Technology Kurukshetra and a PGDM from AIMA, New Delhi.
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SBI Payment Services Pvt. Ltd.
SBI Payment Services Pvt. Ltd. (A Joint Venture between SBI and Hitachi Payment Services Pvt. Ltd.) provides services on key activities related to Merchant Acquiring Business (MAB) viz. sourcing, merchant relationship, support services for complaints management etc. for SBI, the largest commercial Bank in India. Merchant Acquiring Business (MAB) refers to the mechanism of facilitating merchant payment for goods and services through the medium of a card and App based acceptance solutions. The Company has its footprints across India and is connecting with a large number of merchants. Our services enable merchants acquired by SBI to carry out cashless transactions by accepting payments from their customers for the goods and services provided through various digital payment acceptance touch points of SBI with products like Point-of-Sale machines (PoS) (Swipe & Pay/ Tap & Pay), Bharat QR (Scan & Pay) and BHIM-Aadhaar-SBI (Touch & Pay).