Context:
Bandhan Bank has partnered with Bharat Connect, the digital payments platform of NPCI Bharat BillPay Ltd. (NBBL), to streamline EMI repayments for its loan customers. This move aims to strengthen the bank’s digital-first approach and promote financial inclusion across India.
Key Highlights:
- Digital Channels: Customers can repay through:
- Bandhan Bank Mobile App (mBandhan)
- Retail Internet Banking (RIB)
- 700+ apps and websites connected via Bharat Connect.
- Integration Benefits:
- Reduces missed payments and delays.
- Provides a smooth, repeatable, and user-friendly process.
- Strengthens Bandhan Bank’s digital ecosystem.
- Financial Inclusion: The collaboration leverages Bharat Connect’s 5 million offline agents nationwide, improving accessibility to digital repayment channels.
