SBI became the first public sector bank to form an exclusive JV with Hitachi Payment 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. SBI Payments's primary business is merchant acquiring , providing digital payment solutions like POS terminals, Tap & Pay, and Scan & Pay (BHIM-Aadhaar-SBI) to help merchants accept cashless transactions, forming a crucial part of SBI's digital payment ecosystem through a joint venture with Hitachi Payment Services.