Financial Daily from THE HINDU group of publications
Wednesday, May 21, 2003
Financial Daily from THE HINDU group of publications Wednesday, May 21, 2003 |
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Money & Banking
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E-Commerce & E-Business SBI launches e-pay service Our Bureau
THIRUVANANTHAPURAM, May 20 STATE Bank of India has announced the launch of `SBI e-pay', its Internet-based bill payment facility. This facility will initially be available to those customers who are registered to use the SBI Internet banking facility in New Delhi and Mumbai, says a press release from the bank. According to the release, the bank proposes to extend this facility to all Internet banking branches in the 14 State capitals where the bank's local head offices are situated. The bank hopes to achieve this by July 31 this year, the release adds. The bank has tied up with IndiaIdeas, which operates the Bill Desk online payment utility, for providing all `biller' related services, the release adds. Customers in New Delhi and Mumbai can currently pay bills for seven different utilities including electricity, telephone and mobile phone bills, says the release. More utilities will soon be added to the `e-pay' facility, it adds. Another service that will soon be offered by the bank is bill payment through the bank's ATMs, says the press release. This facility too will initially commence in selected cities, but will be gradually extended to other locations, the release adds.
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