Zomato IPO was subscribed 40.38 times last week. IPO, which will give Zomato a valuation of Rs 64,365 crore, is being referred to as second-biggest since SBI Cards and Payment Services' Rs 10,341-crore issue in March 2020
Tokenisation is a feature that enables users to make debit or credit card payments through a secure digital token attached to their phone without having to physically share their credit or debit card details
Google Pay had earlier rolled out the feature with Kotak Mahindra Bank, SBI Cards and Axis Bank. It has now added SBI, Induslnd Bank and Federal Bank and Credit cards by IndusInd Bank and HSBC India to its slate.
Its board of directors has approved the allotment of 5,000 fixed rate, unsecured, rated, taxable, redeemable and senior non-convertible debentures aggregating to Rs 500 crore on a private placement basis, SBI Card said