The Business Bytes
TBB BUREAU
MUMBAI, NOV 17, 2021
IdusInd Bank on Wednesday announced the launch of ‘Indus Merchant Solutions’ a one-stop mobile application to enable merchants, retailers and professionals to carry out banking transactions digitally, on a single platform.
The application 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 without having to visit a bank branch.
Any current account holder of Induslnd 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.”
Currently, the app is available on smartphones with Android operating systems.
