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State Bank of India selects Yalamanchili for New Xpress Money Visa Card

Tuesday 17 September 2013 13:15 CET | News

Financial institution State Bank of India has selected Indian payments solutions provider Yalamanchili, to provide the payment processing platform for its State Bank Xpress Money Card, which enables customers to accept instant money transfers from the UAE directly onto the card.

The Xpress Money Card is a prepaid Visa card co-branded between State Bank of India and the UAE Exchange. The card can be loaded with up to INR 50,000 (EUR 592.000) and can be used to withdraw cash from Visa ATMs worldwide, as well as for point of sale and e-commerce transactions at merchants that accept Visa.

Yalamanchili’s payments processing solutions are used across a range of sectors including retail, banking, transit, corporate, government and healthcare.

In recent news, has launched a white label mobile wallet application for global banking and financial institutions operating on its payments platform.


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Keywords: State Bank India, Yalamanchili, New Xpress Money Visa Card
Categories: Banking & Fintech
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Countries: World
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Banking & Fintech






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