State Bank of India Launches Online Marketplace for Its Card Holders, Powered by Martjack

India’s largest public sector Bank, the State Bank of India seems to have started running an online marketplace to sell goods to its customers. The marketplace is powered by Martjack, which develops and manages such marketplace portals

The bank says on its website:

The products and services under this Promotion have been brought to you exclusively as a benefit on your State Bank Debit MasterCard and State Bank Debit Maestro Card.

Although it seems to have been around for a while, the store seems to have gone rather unnoticed so far.  It accepts only State Bank cards & on the back end ties into PayU India for payments.Sbi online marketplace

Shipping, returns and other aspects of managing the marketplace is done by Martjack. The site seems to be selling everything from clothing to computer peripherals and sports health & fitness merchandise.

Other banks such as the HDFC Bank have already launched such services before.

#Shortnews

HatTip: NamanSr/Jayanthsugavasi

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