Wednesday, April 24

Tag: federal bank

Obopay Partners with Federal Bank & Mastercard to Launch its Prepaid Card
BUSINESS

Obopay Partners with Federal Bank & Mastercard to Launch its Prepaid Card

Digital payment firm Obopay has reportedly entered into a partnership with FederalBank and Mastercard for the purpose of launching a prepaid payment solution for corporate clients to manage their disbursement and payment solutions. The company stated that the fresh card will have multiple features like split transaction, multi wallet facility, ATM withdrawals, inter-card fund transfer, and many others.  Also, the card which comes with no minimum balance requirement and no service charge can be useful for all forms of corporate entities like distributors, colleges, factories retailers etc. “We are joining hands with Mastercard and Federal Bank for promoting digitization and creating a robust payment solutions solution which will provide end users with the highest level of convenie...
Google to Partner With Four Indian Banks to Offer Online Loans
INDIA

Google to Partner With Four Indian Banks to Offer Online Loans

The multinational technology giant Google is reportedly teaming up with four Indian banks for the purpose of granting consumer loans online. This move comes as the fight for a $1 trillion digital finance market is intensifying. The banks that the largest search engine is partnering with include HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal Bank. These banks in collaboration with Google will offer instant, pre-approved loans to customers “right within Google Pay in a matter of seconds.” In this technology-driven era, internet giants are joining the league to provide financial services in the world’s fastest-growing mobile arena. Online lending is becoming the next big thing as mobile users look for small loans with minimal paperwork and formalities. This also helps to save ti...
Federal Bank Partners Jio Money For One-Click Payment Service
News

Federal Bank Partners Jio Money For One-Click Payment Service

Federal Bank today said it has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers. Through this service, the banks customers can complete a transaction without funding the wallet, the bank said in a statement. Banks customers will get a facility to directly pay from their account for the services offered through the wallet (without pre-loading their wallet), it added. Speaking on the occasion, Federal Bank Chief Operating Officer Shalini Warrier said that this arrangement would empower customers to retain the funds with their accounts while enjoying the host of services available in the App. Federa...