The Company was incorporated as "SBI Cards and Payment Services Private Limited" on May 15, 1998, as a private limited company under the Companies Act, 1956, at New Delhi, with a certificate of incorporation granted by the RoC. On the conversion of the Company to a public limited company, pursuant to a special resolution passed by the shareholders on August 2, 2019, the name was changed to, "SBI Cards and Payment Services Limited" and a fresh certificate of incorporation dated August 20, 2019 was issued by the RoC. The Company was registered as a non-public deposit taking NBFC pursuant to a certificate of registration (bearing number No. 14.01328) dated October 6, 1998, issued by the RBI. Pursuant to a change in name of the Company and conversion from a private company to a public company, a certificate of registration (bearing number No. 14.01328) dated November 13, 2019 was issued by the RBI. Major events and milestones : 1998 - Incorporation of the Company and registration to act as a non-public deposit taking NBFC by RBI 1999 - Launch of the website 2005 - Registration to act as a corporate agent (composite) by IRDAI 2006 - Launch of the white label card with Tata Sons Limited - Launch of the co-branded card with IRCTC 2013 - Launch of the co-branded card with Air India - Launch of the EMV chip and pin enabled card 2014 - Launch of the co-branded card with Fbb - Launch of the mobile application 2016 - Launch of the "SBI unnati" card 2017 - Launch of "Project Shikhar" to introduce the credit cards to SBI customers Exit of GE Capital from the Company and acquisition of its stake by both, SBI and CA Rover - Launch of the co-branded card with BPCL 2018 - Launch of the virtual assistant chatbot, `Ask ILA' - Launch of the co-branded card with Apollo Hospitals Enterprise Limited 2019 - Amalgamation of SBIBPMSL with the Company - Launch of the co-branded card with Etihad - Launch of the co-branded card with Allahabad Bank - Launch of the co-branded card with OLA Money Conversion to a public limited company - Launch of the "shaurya" card for defence personnel on the Rupay Network 2020 - Grant of registration for the new logo under certain classes with the Registrar of Trademarks under the Trade Marks Act Awards and Accreditations : 2013 - Awarded VISA Recognition, "Best Issuing Institution" for excellence in Fraud Risk Management, 2013 2014 - Awarded "AISA Outsthecing Excellence Award : Excellence in Customer Service" as part of CMO Asia Awards 2014 2015 - Awarded "Gartner Global Eye on Innovation Award 2015" - Awarded "Global Regulatory and Compliance GE Beliefs Award" by General Electric - Awarded ""Global Service Quality Award For Risk Efficiency-Domestic Issuer", 2015 by VISA 2016 - Awarded VISA Recognition "Champion Security Award" South East Asia for Excellence in Fraud Risk Management- 2016 - Awarded "Compliance Team of the Year- Rest of the World" by GRCI - Awarded "Global Quality Service Award For Authorisation Approval Rate-Card Not Present Commercial Issuer 2016" by VISA 2017 - Awarded "Best Data Quality Awards-Consumer Bureau Category- NBFC", 2017 by Transunion CIBIL - Awarded "Visa Service Quality Award For Authorization Approval Rate- Card Not Present, Commercial Issuer", 2017 by VISA 2018 - Awarded "Best Loyalty Program in Financial Sector: Non-Banking - 2018" under Customer Loyalty Awards - Awarded "Best Data Quality Awards- Consumer Bureau (NBFC)", 2018 as part of CIBIL Data Quality Awards 2018 - Awarded "Corporate Excellence Gold Award for Compliance Innovation" as a part of SKOCH Summit 2018 - Awarded "VISA Global Service Quality Award for Pursuit of Excellence Global Fraud Rates 2018" by VISA - Awarded "Financial Crime Compliance Team of the Year, Regulated Industries" by Global Women in Compliance Awards London - Awarded "Learning Innovator Award," as part of GP Strategies Awards, 2018 - Awarded "Corporate Excellence Gold Award" for Compliance Innovation by Skoch Awards - Awarded "Order of Merit" for Corporate Governance by Skoch Awards - Awarded "Order of Merit" for Compliance by Skoch Awards 2019 - Awarded "Best Loyalty Program in Financial Sector: Non-Banking - 2019" under Customer Loyalty Awards - Awarded VISA Recognition "Champion Security Award", South East Asia for Excellence in Fraud Risk Management, 2019 as part of VISA Security Summit - Awarded "Gold Winner: Customer Service Department of the Year" as part of Golden Bridge Awards, 2019 - Awarded "Gold Winner: Customer Service Team of the Year" as part of Golden Bridge Awards, 2019 - Awarded "Silver Winner: Customer Service Outstanding Performance of the Year" as part of Golden Bridge Awards, 2019 - Awarded "Best Data Quality- Consumer Bureau amongst NBFCs 2019" as part of Data Quality Awards 2019 - Awarded "ACAMS AML Professional of the Month" for January 2019 by ACAMS, US (Association of Certified Anti Money Laundering Specialists) - Awarded "Gold Stevie Winner: Customer Service Executive of the Year" as part of Stevie Awards 2019 - Awarded "Sliver Stevie Winner: Customer Service Department of The Year" as part of Stevie Awards 2019 - Awarded "Compliance Professional of the Year Award" as a part of GRCI Compliance Professional Awards, 2019 - Awarded "Most Effective Arrangements - Financial Crime and Sanctions Compliance" as a part of the Compliance Register Platinum Awards for Exemplary Service to Compliance and Regulation, 2019 2020 - Awarded in the category of "Analytics/Big Data" as part of the DELL Technologies BFSI Technology Conclave, 2020
2022
-SBI Card collaborates with Punjab & Sind Bank to launch co-brand credit cards.
-SBI Card, Aditya Birla Finance join hands to launch 'Aditya Birla SBI Card'.
2023
-SBI Card partners Reliance Retail for co-branded Rupay Credit Card.
-SBI Card Launched Credit Card for MSMEs to cater to short term credit needs.
2024
-SBI Card launched KrisFlyer SBI Card in partnership with Singapore Airlines.
-SBI Card partners Singapore Airlines for KrisFlyer Credit card.
-SBI Card introduces inaugural travel-centric core credit card 'MILES'.
-Titan SBI Card' launched for aspirational swiping.
2025 -The SBI Cards has partnered with PhonePe to launch the PhonePe SBI Card, a new co-branded credit card.
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