Banking

Bandhan Bank Ltd signs pact with Avenues India

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Private sector lender Bandhan Bank Limited has collaborated with Avenues India for helping merchants in getting access to point-of-sale (POS) and payment gateway products.

The agreement has come in alignment with the central government’s “Digital India” campaign, which includes a target to double the number of POS machines to over 20 lakh.

With this partnership, merchants will have faster and direct access to POS machines, payment gateways, and competitive financing options, reported The Hindu.
“Our partnership with Avenues gives us the opportunity to offer convenient banking solutions and provide easy access to POS and e-payment gateways for businesses,” said Chandra Shekhar Ghosh, managing director and chief executive officer, Bandhan Bank Limited.

The bank has 3,546 touch points pan-India, comprising 828 branches, 2,437 Doorstep Service Centres (DSCs) and 281 ATMs. The bank has mobilised deposits over Rs 22,000 crore and its loan book stands at about Rs 22,000 crore. It has two divisions, general banking and micro banking.

 

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