Author: Bfsinxt Desk
Ajay Rajan, Country Head – Digital and Transaction Banking, YES BANK, said, “YES BANK has been at the forefront of digital innovation in the payments landscape of the country. The partnership between YES BANK and Cashfree Payments aims to simplify and revolutionise the way Indian exporters receive payments from across the world. This is aligned with the Government’s focus on boosting exports, especially in the MSME sector to make India a global manufacturing and services hub. The launch of Global Collections will empower the exporters to have real time access and control over their payments and collections journey.”
This license will allow the bank to undertake foreign currency (FCY) transactions and operate in the foreign exchange market, thereby making the Bank complete in terms of its products and services offerings to its customers.
Amit Majumdar, Executive Director – Strategic Initiatives at Angel One Ltd, said, “Angel One has established itself as a leader in fintech. I am excited to once again contribute to the company’s strategic initiatives and drive its growth further. I look forward to working with a talented team to achieve our goals and deliver value to our clients and other stakeholders. It is a great opportunity to enable Angel One to realise its ambitious plans.”
Murali Ramakrishnan, Managing Director & Chief Executive Officer (CEO), South Indian Bank, said, “It has been our constant endeavour to provide our customers with banking products that fulfil their needs. Accordingly, our flexible savings products will offer targeted NRI segments with convenient avenues to park their savings. We are confident that SIB SEAFARER & SIB PULSE will lay the foundation for more such products in the banking domain. I’m sure these products will create a new & universal template for the way NRI depositors transact with banks.”
Amit Majumdar, Executive Director – Strategic Initiatives at Angel One Ltd, said, “Angel One has established itself as a leader in fintech. I am excited to once again contribute to the company’s strategic initiatives and drive its growth further. I look forward to working with a talented team to achieve our goals and deliver value to our clients and other stakeholders. It is a great opportunity to enable Angel One to realise its ambitious plans.”
Small private lender, South Indian Bank recently tied up with Central Board of Direct Taxes (CBDT) for direct tax collections. The payment facility is now LIVE, allowing any taxpayers to remit Direct Taxes under ‘Over the Counter Mode’ and specifically for SIB customers, payment can be made via ‘Over the Counter’ as well as ‘Internet Banking’ modes, thereby making the process seamless and faster like never before. Thomas Joseph K, EVP & Group Business Head, South Indian Bank said “With this arrangement, we join the ranks of a select few other private banks in the country to carry out Direct…
CRIF Connect Private Limited, a subsidiary of CRIF S.p.A recently received the approval to commence operations as an NBFC Account Aggregator (AA) from the Reserve Bank of India. With CRIF’s legacy, knowledge and experience, CRIF Connect is uniquely positioned to benefit both consumers and financial institutions, CRIF said in a release. CRIF Connect is an end-to-end encrypted platform that securely fetches and transfers a consumer’s financial data based on their explicit consent between financial institutions. Thus, making data sharing extremely safe based on RBI-approved guidelines, it added in the release. Wilfred Sigler, Senior Director – CRIF India and South Asia,…
PayU’s 4.5 lakh+ merchant partners can now empower KreditBee’s 10 million customer base with the ability to convert their purchases into easy cardless EMIs, with a convenient 3-18 months loan tenure. KreditBee’s new & existing customers meeting the eligibility requirements will be able to avail this offer while shopping from brands associated with PayU.
Sandeep Goradia, Chief – Corporate Solutions of ICICI Lombard, said, “We are delighted to announce our collaboration with Chqbook in their vision of offering financial protection to India’s thriving, yet vulnerable population of shop owners and merchants. As a significant contributor to our economy, this highly adaptable customer segment can often find themselves with a lack of options when it comes to risk management.”
Dinanath Dubhashi, Managing Director & CEO of L&T Finance Holdings Ltd. said, “Our Lakshya is to become a top-class, customer-focused, digitally-enabled retail finance company by 2026, or even before that. In line with the same, we are consistently working upon engaging our customers with products that are suited to their requirements and at the same time, are available when they need them. WRF is one such offering from our end which promises quick disbursement and flexible repayment with no foreclosure charges.”