Entrust Datacard, together with State Bank of India (SBI), has launched an integrated instant issuance kiosk solution, an EMV chip card personalization application that follows the Reserve Bank of India’s (RBI) regulation.
The Datacard instant issuance kiosk solution is the first of its kind in South Asia, offering self-service capabilities for instant issuance of debit cards.
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SBI has opened its first set of seven sbiINTOUCH outlets in the business districts and shopping malls in Mumbai, New Delhi, Bengaluru, Chennai, Kolkata and Ahmedabad.
sbiINTOUCH, a self-service kiosk, designed in association with Entrust Datacard that holds over 20,000 instant issuance branch installations worldwide, will enable customers to open and access online banking accounts, in addition to a secure and real time issuance of a fully personalized debit card.
Arundhati Bhattacharya, chairman of SBI, commented on the launch saying, "By 2020, India’s average age will be just 29 years – this is a digital demographic: one that expects businesses to provide solutions immediately. At the same time, the mass affluent – no matter what their age have similar expectations. Indian banks need to provide a strong response to these new demands. These branches are a first step in the journey to offering full digital services across the nation."
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