SBI Card Introduces 13th Payment Option

New Delhi, November 30, 2009: SBI Card has introduced the 13th payment option that will allow customers to make payments using their SBI Debit card.  This makes SBI Card the only credit card in the country that allows 13 different payment options to its 3 million customers.  With this, customers can log into PayNet on the SBI Card website and pay online using their SBI ATM cum Debit Card.  Apart from this new payment option, SBI Card offers its customers payment options through the Internet, mobile phone, at ATMs, through drop boxes at vantage points, and through the branches of State Bank of India among others.

“The variety and flexibility of services offered to our cardholders has become a key differentiator for us. This new payment option is in line with our commitment of making life simple for our customers, ” said Mr. Diwakar Gupta, CEO, SBI Cards & Payment Services Pvt. Ltd.

“It is our constant endeavor to leverage technology and global best practices to provide a better value proposition to our cardholders. We are proud to be the undisputed market leader in providing our customers the choice of payments options,” said Mr. Gautam Bose, CEO, GE Capital Business Process Management Services Pvt. Ltd.

In 2009, SBI Card was voted as the most trusted brand in Reader’s Digest Asia Trusted Brands 2009 Survey for the second year in a row.  It also recieved the CNBC Awaaz Consumer Award for the second year in a row. SBI Card’s back office operations recieved ‘Asia’s Best Mature Captive Services Delivery’ award from the Shared Services Outsourcing Network (SSON) at the 12th Annual Asian Shared Services & Outsourcing week in Singapore. 

About SBI Card
SBI Card is a joint venture between State Bank of India and GE Capital to offer Indian consumers extensive access to a wide range of world-class, value-added payment products and services. The partners have set up two joint venture companies to develop a credit card business in India -- SBI Cards & Payment Services Pvt. Ltd., which focuses on the marketing and distribution of SBI Card and GE Capital Business Processes Management Services Pvt. Ltd., which handles the technology and processing needs of SBI Card. Visit www.sbicard.com for more details.