Bandhan Bank has signed an agreement Avenues India Pvt Ltd

Bandhan Bank Ltd., has signed an agreement with Avenues India Pvt. Ltd, a payment solutions provider, to provide merchants seamless access to Point of Sale (PoS) and payment gateway products. With this partnership, merchants will have speedier and direct access to POS machines, payment gateways, and competitive financing options.

In addition, the agreement facilitates that the two parties will cooperate and benefit from each other’s networks, customers, systems, techniques and expertise for the purpose of enhancing customers’ experience. Bandhan Bank MD & CEO Chandra Shekhar Ghosh said, “As the fastest growing bank, we are always exploring ways and means for smart transactions.

Our partnership with Avenues India gives us the opportunity to support our valued customers by offering them convenient banking solutions and provide easy access to POS and e-payment gateways for their businesses.” T. Nandkumar Menon, Head- Alliance, Avenues India Pvt. Ltd., said, “Online Business Banking is the backbone of our current economy and our e-payment gateways combined with Bandhan Bank’s financing solutions will provide enhanced support to the whole merchant base.”

Bandhan Bank presently has 3,546 touch points pan-India, comprising 828 branches, 2,437 Doorstep Service Centres (DSCs) and 281 ATMs. The bank has mobilised deposits worth more than ₹22, 000 crore and its loan book stands at about ₹22,000 crore. It has two divisions — general banking and micro banking.

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