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Parami News > Blog > India > MoU signed for digital payment aggregation services by integration of SBIePay, eMigrate: MEA | Parami News
India

MoU signed for digital payment aggregation services by integration of SBIePay, eMigrate: MEA | Parami News

Atulya Shivam Pandey
Last updated: June 15, 2024 3:37 pm
Atulya Shivam Pandey
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MoU signed for digital payment aggregation services by integration of SBIePay, eMigrate: MEA | Parami News
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Officials said on Saturday that the Ministry of External Affairs and the SBI signed an MoU to offer the additional digital payment service from the bank through its payment gateway SBIePay to users of eMigrate portal, among them Indian migrant labourers and recruiting agencies.

| Photo Credit: REUTERS

Officials said on Saturday that an MoU has been signed between the ministry of external affairs and SBI to provide additional digital payment services of this bank through its own payment gateway SBiPay which will be used by eMigrate portal users including Indian migrant workers and recruiting agents.

According to a statement issued by the ministry, this agreement would “further facilitate and enhance the ambit of safe and legal migration of Indian migrant workers”.

This it added had made this process electronic thereby ensuring transparency and was also aimed at integrating the Pravasi Bhartiya Bima Yojana for foreign employers registered recruiting agents & insurance companies issuing policies under this scheme in one platform so as to facilitate seamless, safe & legal migration. Additionally, the eMigrate project has made available a mechanism for voluntary registration of emigrants holding ECNR category passports proceeding for overseas employment, says a statement by The Ministry of External Affairs (MEA).

The Memorandum of Understanding (MoU) was signed by Bramha Kumar, Joint Secretary (OE & PGE) on behalf of the ministry and Neelesh Dwivedi, General Manager (NW-I), from the SBI’s side at the Sushma Swaraj Bhawan here.

In addition it stated that “The MoU aims to provide an additional digital payment services of SBI through Payment Gateway called SBIePay to Indian Migrant Workers, Recruiting Agents & other users of eMigrate portal [https://emigrate.gov.in]”

They further noted that it will become operational soon after successful integration with eMigrate portal as per officials.

The statement added: “Through implementation of this MoU, payment of various emigration related fee would be possible with NIL transaction charges for payment through UPI, credit/debit cards and NEFT through net banking of all Indian banks. Signing of this Mou would further facilitate and enhance the ambit of safe and legal migration of Indian migrant workers.”

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