Menu State Bank of Mauritius signs MoU with PayNearby to build 'open banking' network - Jobs Magazine

State Bank of Mauritius signs MoU with PayNearby to build ‘open banking’ network

[ad_1]

SBM Bank (India) on Monday signed an MoU with fintech startup PayNearby to build an ‘open banking’ network towards delivering basic banking solutions as well as advanced financial services to the customers.  The partnership would enable the bank to offer complete suite of digital and assisted banking solutions through PayNearby’s exhaustive network of micro-enterprise and retail touchpoints, SBM Bank said in a statement.

It will also enable micro-enterprises and retail touchpoints to earn better returns on their investments, it said.
The deployment of the banking module will be done in a phased manner and will work seamlessly with the existing platforms at PayNearby outlets and touchpoints, it added.  State Bank of Mauritius (SBM) is the first foreign lender to receive banking license in India through wholly-owned subsidiary route.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.



[ad_2]

Comments are closed.