First bank in India to integrate Masterpass QR mobile payment?
Q. Which is the first bank in India to integrate the Masterpass QR Mobile Payment solution?- Published on 16 Feb 17
Global payments & technology company, MasterCard has tied up with Ratnakar Bank (RBL Bank), the first lender to integrate the Masterpass QR service with its mobile platform - “OnGo” digital wallet.
RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra.
Founded in August 1943, RBL is one of the oldest private sector banks in India.
RBL Bank in November 2016, launched 'Aadhaar Payment Bridge System' (APBS) for small ticket micro-finance loan disbursements.
It is the first bank to launch the APBS on its platform and the intent is to meet the government's target on digital banking.
Founded : August 1943
Headquarter : Kolhapur, Maharashtra
Current Head : Vishwavir Ahuja (MD & CEO)