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Bandhan Bank & Odisha Govt. team to facilitate OTDC payment solutions

By Gloria Mathias

August 07, 2023

  • Bandhan Bank
  • Bhubaneshwar
  • Cashless Economy

Bandhan Bank, Core Banking, OTDC, Orissa Government, Payments Solutions, Orissa Tourist Development Corporation, Credit Card, Debit Card, UPI Payments, PoS MachinesBandhan Bank has announced its association with Odisha Government to help them strengthen payment solutions for Odisha Tourism Development Corporation (OTDC) Ltd.

The bank has provided Point of Sale (PoS) machines to facilitate card payments by tourists. Prime locations, including Puri, Bhubaneshwar, Konark, Chilka and Gopalpur, will be covered under this tie-up.

The PoS machines will hasten tourist payment collections, bringing convenience to both the tourists and OTDC officials. The machine will help tourists pay through debit or credit cards. The bank is planning to launch UPI services soon.

The EDC machines will also help prevent revenue loss for OTDC, which may be caused by the lack of cash carried by the tourists. This initiative aligns with the nation’s vision of becoming a cashless economy.

Commenting on the occasion, Shantanu Sengupta, Head – Retail Banking, Bandhan Bank said, “Odisha has been an important market for Bandhan Bank over the years. We’re happy to partner with the Odisha Government in bringing convenient payment solutions to the tourists of the state. At Bandhan Bank, we are committed to being a bank for all, and this endeavour is another step in that direction.”

The bank now has around 150 banking outlets in the state of Odisha. In comparison, the Bank currently serves the banking needs of more than 3 crore customers through more than 6,100 banking outlets across 34 states and union territories in the country.

Bandhan started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women’s empowerment through sustainable livelihood creation. A few years later, it turned into an NBFC, but the core objective remained financial inclusion. It offers world-class banking products and services to urban, semi-urban and rural customers. With its experienced management, diversified team and well-entrenched distribution, Bandhan Bank is well-poised to meet the aspirations of its customers and stakeholders.

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