IndusInd Bank, in association with MobiKwik, today announced the launch of a co-branded wallet ‘IndusInd MobiKwik’ that allows its customers to pay at the MobiKwik merchant network using their accounts, with a ’Direct Debit Feature’
The direct debit feature will allow IndusInd Bank account holders to link their accounts just once and pay using the co-branded app as and when required, thereby eliminating the need to load the MobiKwik prepaid wallet separately.
“The transaction is authorised with an additional factor of authentication, in line with mobile banking guidelines,” a release said.
Ritesh Raj Saxena, Head-Savings, Digital and Payments Business, IndusInd Bank, said the partnership with MobiKwik is to leverage the synergies in the payments business between banks and fintechs, to bring the customers the best of both worlds in a seamless fashion.
“The latest PPI guidelines of RBI reinforce the roadmap for wallet operators and partnerships with banks...,” he said.
As on September 30, private sector lender IndusInd Bank had 1,250 branches and 2,146 ATMs spread across 690 locations in the country.
Upasana Taku, co-founder, MobiKwik said this special wallet created by MobiKwik will enable 10 million IndusInd Bank customers to “easily perform digital payments by seamlessly transferring money from their bank accounts to the merchant, at the press of a button without loading money in their wallet“.
MobiKwik app is a leading mobile payment platform with a network of over 20,00,000 direct merchants and 65 million plus users
Subscribe to:
Post Comments (Atom)
Part 1 – Positive Impacts of COVID – mRNA Vaccine We thought of sharing some positive impacts of COVID. We thought this is the right t...
-
UK-based company Integral Memory has launched a new 512GB microSD, which is the first to be able to hold more than half a terabyte of data...
-
This Share and Post From Mr.Pradeep -Rangamalai Organic Farms Ranga Malai Organic Farm is located in the foot hills of Ranga Malai,Vel...
-
Bharti Airtel today said it will offer iPhone X and its most expensive version from November 3 exclusively to post-paid customers through...
-
Part 1 – Positive Impacts of COVID – mRNA Vaccine We thought of sharing some positive impacts of COVID. We thought this is the right t...
-
Yahoo Finance today launched a new app called Tanda that allows small groups of either five or nine people to save money together for short...
-
மீசை மோகனசுந்தரம் - நம்மாழ்வார் வழித்தோன்றல். நமக்கு தெரியாத சின்ன சின்ன விஷயங்களில் எத்தனை நன்மை உள்ளது!!. நம்மை நாமே மாற்றிக்கொள்ள இதப்...
-
In a bid to offer more value to customers competiton, Reliance Jio Republic Day offer has been announced, giving customers up to 50% more ...
-
Walmart Stores has opened a fulfilment centre, or ‘dark store’, in India, one of its first globally, in an effort to speed up operations ...
-
We are very much excited to harvest our 1st batch of organically grown 21 varieties of native (Heirloom) Brinjal of Tamil Nadu. This inclu...
-
Change of Education system in Tamil Nadu,State of India and Feel very happy to share this news to all. The state board of education in ...
No comments:
Post a Comment