Badhan Bank signs agreement for PoS access

Q.  Bandhan Bank has signed an agreement with which payment solutions provider to offer seamless access to PoS?
- Published on 20 Mar 17

a. Avenues India Pvt Ltd
b. Paytm
c. BillDesk
d. DirecPay

ANSWER: Avenues India Pvt Ltd
Bandhan Bank Ltd has signed an agreement with Avenues India Pvt Ltd, a payment solutions provider to offer merchants seamless access to Point of Sale and payment gateway products.

With this partnership, merchants have speedier and direct access to PoS machines, competitive financing options and payment gateways.

Additionally, the agreement facilitates that two parties will cooperate and benefit from the networks, customers, techniques, systems and expertise for enhancing consumer experience.

As a fastest growing bank, ways are being explored and means for smart transactions studied.

Online business banking is the backbone of the economy at present. The entire merchant base will get the support of the combining of e-payment gateways.

Bandhan Bank: Know More
  • Bandhan Bank presently has 3,546 touch points pan-India.
  • It is comprising 828 branches, 2,437 Doorstep Service Centres (DSCs) and 281 ATMs.
  • The bank has mobilised deposits worth more than INR 22, 000 crore and its loan book stands at about INR 22,000 crore.
  • It has two divisions - general banking and micro banking.

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