Private lender RBL Bank has joined hands with Visa Direct, in a bid to facilitate instant, real-time and secure fund settlement on debit and credit cards. The alliance with RBL Bank will enable Visa in expanding the reach of its real-time payments platform1, Visa Direct, across India.
This partnership will help RBL Bank in leveling-up its technology-driven banking solutions for addressing the changing and evolving requirements of its partners and merchants. This will help the Fintechs further in creating a relevant and high-end digital payments experience for their end customers.
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Pushpendra Sharma, Head- Digital Payments and Acquisition, RBL Bank said, “Our partners have always been an important and integral part of RBL Bank’s ecosystem. Over the years, we have successfully built a strong partnership model delivering technology-led banking solutions to a wide range of companies across both the retail and institutional space. The partnership with Visa underlines our ‘Partners ka Bank’ philosophy and is an extension of the comprehensive portfolio of digital payments solutions we offer our customers.”
Sujai Raina, Head of Business Development, India, Visa said, “Fintechs today offer their customers the convenience of simple and quick payments at their fingertips for a variety of services. We are delighted to partner with RBL Bank and help fintechs enhance their offerings with Visa Direct, our real time push payments service that powers a seamless payment experience coupled with faster settlements for bill payments. Using our APIs, fintechs can implement Visa Direct at speed and scale and reduce time to market significantly.”