The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad CityAhmedabad BusinessGujaratNation

PayPoint is giving major towards financial inclusion

by TLA September 23, 2021September 23, 2021
written by TLA September 23, 2021September 23, 2021
PayPoint is giving major towards financial inclusion

Ahmedabad: One of the leading banks of India, Bank of Baroda has entered into a partnership with Paypoint, this is the major push towards financial inclusion. The main objective of this partnership is to provide banking services across the country through the Business Correspondent (BC) Model.

Business News

Commercial banks have been finding it unviable to set up owned branches at remote locations and smaller centres, but with PayPoint India’s proven expertise in taking financial and payment products to the remotest locations through its vast and ever-expanding distribution network. Almost all essential banking services can be delivered through BC customer service points.

Besides commercial banks, many renowned service providers, including insurance companies, Telcos, Electricity boards, and even IRCTC, use the PayPoint India network to reach out to their customers across India.

As a PSB, Bank of Baroda, a premier bank known for its efficiency and customer-friendly attitude, has to meet the financial inclusion targets fixed by the government and the Reserve Bank of India (RBI). Through this relationship, BoB will be able to fulfill its social obligation of financial inclusion with greater ease as PayPoint India, an experienced Business Correspondent of several banks, can shoulder the responsibility of the Bank towards financial inclusion to a very large extent.

At its exclusive BC Customer Service Points for Bank of Baroda, PayPoint India will offer several services and open Savings Bank/PMJDY accounts and provide withdrawal, deposit, and money transfer services, and several other services viz; passbook printing, the opening of recurring deposit and fixed deposit accounts, loan repayments, AePS and m-ATM withdrawals for the account holders of other banks, Social Security Schemes of the Government of India, etc.

Commenting on the development, Ketan Doshi, Managing Director of PayPoint India, said, “It is with great happiness and pride that we announce this partnership with Bank of Baroda to extend banking services to the far corners of the country. This will not only ensure growth in our scalable model but also help in achieving the larger goal of bridging the financial inclusion gap between urban and rural India. It will take banking to the doorstep of customers in the hitherto-unbanked hinterland and help them make informed choices and avail of utility services at their convenience.”

Bank of Barodafinancial inclusionleading banksPayPoint
0 comment
previous post
The repairing of Versova bridge will be done in 3 days
next post
Centre declares Rs 50000 ex-gratia for kin of Covid victims

You may also like

IIT Gandhinagar Confers Degrees to Record 668 Students...

June 23, 2025

Ahmedabad-Based EV Startup Matter Motors Plans $200 Million...

June 23, 2025

Heavy Rain Triggers Orange Alert in Several Gujarat...

June 23, 2025

IndiGo Pilot Alleges Casteist Abuse: Told to “Go...

June 23, 2025

Land Grabbing Complaint Filed Against Advocate in Ahmedabad...

June 23, 2025

Literature Enthusiasts Honour Yashwant Mehta on 88th Birth...

June 23, 2025

AMA Organises SMC Summit 2025

June 23, 2025

GCCI July 4 Elections Likely to Be Cancelled...

June 23, 2025

Sensex Drops Over 700 Points, Nifty Slips Below...

June 23, 2025

DGCA Warns of License Suspension Over Air India’s...

June 22, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • IIT Gandhinagar Confers Degrees to Record 668 Students at 14th Convocation Ceremony

    June 23, 2025
  • Gujarat Police Uncover Nationwide Hoax Bomb Threat Network, Arrest 26-Year-Old Engineer from Chennai

    June 23, 2025
  • Ahmedabad-Based EV Startup Matter Motors Plans $200 Million Fundraise, IPO in 3–4 Years

    June 23, 2025
  • Diljit Dosanjh Faces Ban from Film Body for Featuring Hania Aamir in Sardaar Ji 3

    June 23, 2025
  • Gujarat to Build Six Sports Complexes Worth ₹6,000 Crore as Part of 2036 Olympics Bid

    June 23, 2025
September 2021
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug Oct »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.