back Back

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

By Gloria Mathias

August 07, 2023

  • Bandhan Bank
  • Bhubaneshwar
  • Cashless Economy
Share

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.

Previous Article

August 07, 2023

Shojin enters international partnerships with Linus and Reinvest24

Read More
Next Article

August 07, 2023

HPS expands electronic payments offering with new Canada office

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Bandhan Bank

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024