IndusInd Bank announced a partnership with online payment solutions company PayU to bring its full suite of consumer banking products online via the latter’s payments ecosystem.
The companies say that the partnership is aimed at bridging the gap between conventional banking world and the new age online payment systems.
Commenting on this announcement, Romesh Sobti, MD & CEO, IndusInd Bank, "With digital banking and payments gradually becoming the heart of customer relationships, we are investing to build strategic alliances in the digital world to deliver online banking and payment experiences that are simple, non-intrusive, rich in contextual content, and are truly cross-channel, covering social and commerce platforms.”
“Through this tie-up, the bank’s experience as a leader in shaping financial products through innovative offerings will be leveraged to tap and redefine the rapidly growing digital financial space for both retail and business customers,” he added.
The two partners have signed a MoU covering this joint strategic vision, and announcements about the new products and services under this partnership are expected to be announced in the next four to six months.
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Simar Singh is one of the youngest members of the BW team. A fresh graduate from IIMC, she also holds a degree in political science from LSR. She enjoys covering power, startups, lifestyle and a little bit of tech.
