SBI Payments
Latest, 1 Oct: SBI plans 0.4% UPI merchant fee above ₹2,000 from October 15, 2027.
Newest on SBI Payments
Browse all 7 storiesWhat we know
From 6 stories, the newest dated 1 Oct 2026. Summary written 3 Oct 2026.
SBI Payments is a payments business that appears as a bank partner on the platform of Mintoak, a Mumbai-based payments company, alongside HDFC Bank and Axis Bank.[1] source: Entrackr[2] source: The Hindu BusinessLine Mintoak's platform links merchant payments, consumers and data across emerging markets.[1] source: Entrackr
Mintoak acquired Dubai-headquartered ICC Loyalty in August 2026 to add loyalty and rewards capabilities.[2] source: The Hindu BusinessLine BlackSoil provided Rs 80 crore in acquisition debt for the purchase in August 2026.[3] source: Entrackr The combined business generates more than $30 million in annual revenue, and Mintoak partners with more than 50 banks across over 20 countries.[1] source: Entrackr Inc42 reported that Mintoak supports more than 5 million merchants and processes over $93 billion in annual payment volume, and that it reported ₹105 crore operating revenue in FY25.[4] source: Inc42
On the UPI side, CNBC-TV18 reported in October 2026 that State Bank of India is preparing a 0.4% UPI merchant fee on transactions above ₹2,000 from October 15, 2027.[5] source: CNBC-TV18 96% of person-to-merchant UPI volumes remain exempt, and customers face no charges.[5] source: CNBC-TV18 SBI declined Apple Pay participation on commercial grounds.[5] source: CNBC-TV18 Mintoak's CEO is Raman Khanduja.[6] source: YourStory
SBI Payments has appeared in 7 distinct RetailIntel stories between Jun 2026 and Oct 2026, most often under retail company, omni channel and leadership and most frequently linked to Mumbai, Dubai and Bengaluru.
Brands most often mentioned alongside SBI Payments
Axis Bank, HDFC Bank, Mintoak, ICC Loyalty, Emirates Islamic, Absa Bank.
Most-cited sources on SBI Payments
CNBC-TV18 · Companies (1 story), Entrackr (1 story) and Entrackr · Newsletter (1 story).