Express

SBI Joins JPMorgan's Blockchain-Based Payment Network

Tracy CHEN

Summary: State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions.The tie up is expected to reduce SBI customers’ transaction costs and time taken for payments, sources said. Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up to ...

State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions.
The tie up is expected to reduce SBI customers’ transaction costs and time taken for payments, sources said. Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up to a fortnight, they said. This will help cross-border payments reach beneficiaries faster and using limited steps.

Tracy Chen

Last Update:

Tags: ,
Link: SBI Joins JPMorgan's Blockchain-Based Payment Network   [Copy]
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 5 hours ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 17 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 22 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • You need to login to comment.