Rural NEO Bank Mahagram has tied up with the IndusInd Bank to digitize the nation’s payment ecosystem and provide a wider scope to transact for its customers in rural India. Mahagram was launched with a vision to transform India into a digitally empowered society and knowledge economy. The partnership between the two aims to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy, and accelerate the growth of a cashless society.
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This association will also ensure the building of an efficient, reliable, and secure payment ecosystem, which will not only promote and encourage the use of e-payments methods but will also help merchants across the country to accept digital payments easily, making it more accessible for everyone.
Important takeaways for all competitive exams:
- IndusInd Bank Founded: 1994;
- IndusInd Bank Headquarters: Mumbai, Maharashtra;
- IndusInd Bank MD & CEO: Sumant Kathpalia;
- IndusInd Bank Tagline: We Make You Feel Richer.