Connect with us

Hi, what are you looking for?

Banking & Finance

Jana Small Finance Bank becomes a banker to Co-operative banks

Partners with HCBL Co-operative Bank and Mysore Merchants Co-operative Bank to offer digital infrastructure and payment services

Jana Small Finance Bank, a Bengaluru-based small finance bank, signed an MOU with HCBL Co-operative Bank, Lucknow and Mysore Merchants Co-operative Bank, Mysore to provide digital infrastructure and payments services to the respective banks under the bank sponsorship programme of RBI. This alliance will help customers of the co-operative banks enjoy digital transactions powered by Jana SFB.

HCBL co-operative bank in association with Jana Small Finance Bank, can now extend ATM, POS and e-commerce services to its customers. Also this is for the first time that Jana Small Finance Bank has tied-up with a co-operative bank to provide IMPS services thus imparting seamless payment options to its customers.

Under the arrangement with Mysore Merchants Co-operative Bank, Jana SFB branded debit cards will be issued to their customers. Additionally, services like ATM, POS and e-commerce services are also extended to them.

These associations will boost digital transactions enabling more rural customers to come under the gamut of financial inclusion in true sense. Jana Small Finance Bank’s digital capability will now be available to all its partner banks.

Speaking on the association, Ajay Kanwal, MD and CEO of Jana Small Finance Bank said, “It’s wonderful joining hands with HCBL Co-operative Bank and Mysore Merchants Co-operative Bank. Our endeavour is to build an ecosystem by providing smarter and simpler banking solutions for the underserved so that the benefits of digital banking can reach the masses. This partnership is yet another effort to grow our sponsor bank network to make banking products easily accessible to all. ”

Commenting on the partnership, A.K Srivastava, CEO, HCBL co-operative bank, said, “We are delighted to be associated with Jana Small Finance Bank to provide ‘Rupay Debit Card’ facility to our customers. We are also working towards plans to introduce IMPS and e-commerce transactions that can truly help cater to our customers’ needs. These services will bring in the convenience and hassle free money transfers for all our customers working in various segments.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Advertisement

You May Also Like

Business Voice Specials

Mathew Job has been spearheading a remarkable transformation in Crompton Greaves Consumer Electricals Ltd for the last five years

Business Voice Specials

It is the story of an ardent lover of nature and trees, who left a very lucrative Gulf job to start an agriculture theme...

Business & Economy

Atma Nirbhar Bharat has captured people’s imagination and become a mantra for everyone: M A Yusuff Ali

News

Ofabee.com facilitates coaching and training institutes to launch their branded coaching app