Bank of Baroda unveils mDigiNext app for corporate cash management

By Gloria Methri

India’s Bank of Baroda has launched a new cash management app for its corporate customers using the Baroda Cash Management Services (BCMS). Offering a range of critical payment functionalities, the Baroda mDigiNext mobile app aims to transform how businesses manage their working capital and cash flows. It will bring in greater efficiencies and facilitate faster execution and ease of operations.

The state-of-the-art mobile app is designed to streamline cash management operations and workflows for corporates. It provides customers with on-the-go, 24/7 access to essential and advanced financial tools, empowering corporates to make swift and informed financial decisions anytime, anywhere.

Commenting on the launch, Debadatta Chand, Managing Director & CEO of Bank of Baroda, said, “With the launch of the Baroda mDigiNext mobile app for corporate customers, we are setting a new experience for corporate clients in cash management and banking services. The app combines a user-friendly interface, advanced tools and capabilities, coupled with seamless execution, delivering rich insights to our customers that will help them stay agile in a competitive business landscape”.

Lalit Tyagi, Executive Director of Bank of Baroda, said, “The launch of the Baroda mDigiNext mobile app marks a significant milestone in the evolution of cash management services, reaffirming our commitment to delivering innovative, future-ready digital solutions. As a trusted banking partner for corporate customers in India, this app will further enhance convenience, efficiency, and control over cash flow management for our corporate clients.”

The Baroda mDigiNext mobile app offers a host of functionalities and features, including:

• Creation and authorisation of one-to-one transactions
• Authorising and rejecting bulk uploads
• End-to-end transaction and workflow tracking
• Raising real-time enquiries on transaction status
• Accessing account summaries and mini-statements
• Viewing a consolidated dashboard of all group entities
• Enhanced security with OTP verification and 3-factor authentication

The Baroda mDigiNext mobile app is currently available on Android and will soon be available on iOS.