back Back

IndusInd Bank launches a one-stop mobile app for merchants

By Leandra Monteiro

November 18, 2021

  • APP
  • Digital Transformation
  • India
Share

IndusInd BankIndusInd Bank, announced the launch of ‘Indus Merchant Solutions’ a comprehensive mobile application to enable merchants, retailers and professionals to carry out banking transactions digitally, on a single platform.

The all new app will enable merchants and retailers to undertake an array of activities such as accept instant cashless payments on mobile phones from customers through multiple digital modes, track inventory via in-built dashboards, apply for an exclusive Point of Sale (PoS) machine to facilitate card based payments, as well as avail small ticket business loans from the Bank in a completely digital & paperless manner, without having to visit a bank branch.

Any current account holder of IndusInd Bank can instantly download the ‘Indus Merchant Solutions’ app and start using it. A non-customer can even open a current account with the Bank through a fully digitised process, and get themselves registered as a merchant, almost instantly.

Speaking about the new proposition, Soumitra Sen, Head – Consumer Bank, IndusInd Bank said, “We have always believed, that the self-employed segment constitutes an integral part of the Indian economy. In keeping with this thought, we are delighted to bring forth the ‘Indus Merchant Solutions’ app that aims to enable lakhs of merchants, retailers and professionals to meet their banking requirements seamlessly, without having to visit a bank branch. Given the sharp rise in the number of consumers as well as merchants, who prefer transacting online, Indus Merchant Solutions is a holistic proposition that will significantly improve merchant engagement, user experience and convenience, and help us grow our merchant touch points multi fold over the next couple of months.”

Charu Mathur, Chief Digital Officer & Head-Business Strategy, IndusInd Bank added, “At IndusInd Bank, it has been our constant endeavour to bring forth innovative propositions that can accelerate the shift to a digital economy. ‘Indus Merchant Solutions’ is yet another path breaking step in the same direction that will facilitate merchants, retailers and professionals across the country to fulfil their financial needs across payments, deposits and loan products in a completely digital manner, on a single consolidated platform. Going forward, we aim to create more such products and services that can offer our customers with a seamless banking experience.”

The Indus Merchant Solutions app currently has English as its default user interface language, but will soon be made available in multiple languages including Hindi, Marathi, Bengali, Gujarati, Telugu, Tamil, Kannada, Malayalam, Punjabi and more.

Previous Article

November 17, 2021

Amazon and Visa at war in the UK over transaction fees

Read More
Next Article

November 18, 2021

Encompass Corporation appoints Dr. Henry Balani to head Global Affairs

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

APP

Most of KSA organizations uses AI in their cybersecurity strategies, 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

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

FinTech Focus: Catch latest developments of the week

Read More

May 17, 2024

Mastercard, Standard Chartered, Mox & Libeara to support tokenised assets

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 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 2023