IndusInd Bank had 1,250 branches and 2,146 ATMs spread across 690 locations in India. Photo: MintNew Delhi: IndusInd Bank, in association with MobiKwik, on Monday announced the launch of a co-branded wallet, “IndusInd Mobikwik”, that allows its customers to pay at the MobiKwik merchant network using their accounts, with a “direct debit feature”. Ritesh Raj Saxena, head, savings, digital and payments, IndusInd Bank, said the partnership with MobiKwik is to leverage the synergies in the payments business between banks and fintechs, to bring the customers the best of both worlds in a seamless fashion. As of 30 September, private sector lender IndusInd Bank had 1,250 branches and 2,146 ATMs spread across 690 locations in the country. Upasana Taku, co-founder, MobiKwik, said this special wallet created by MobiKwik will enable 10 million IndusInd Bank customers to “easily perform digital payments by seamlessly transferring money from their bank accounts to the merchant, at the press of a button without loading money in their wallet”.

Source: Mint October 23, 2017 14:03 UTC