Precious Kashmir News
Srinagar, Nov 11: HDFC Bank on Wednesday announced the launch of India’s first comprehensive banking and payment solution for merchants – SmartHub Merchant Solutions 3.0. This first-of-its-kind solution allows merchants and self-employed professionals to instantly open a current account and start accepting payments in-store, online, and on-the-go.
The comprehensive merchant solution will enable the Bank to reach out to more than 20 million small & medium merchants and also professional services like doctors, pharmacies, salons and laundry services across metro, semi urban and rural India in the next 3 years.
The merchant solution was launched at a virtual event held in Mumbai by Mr Parag Rao, Country Head – Payments, Consumer Finance, Marketing and Digital Banking at HDFC Bank along with T R Ramachandran, Group Country Manager, India and South Asia, Visa.
For the merchants, SmartHub 3.0 will be available in multiple forms – app based, web based and also a range of PoS devices. The comprehensive solution will enable efficiencies in the business for them. For example, features like digitizing Khata, enabling collection reminders, inventory management, billing software and lending to merchants’ basis their banking history.
“Small and medium businesses are the backbone of our economy. We are delighted to launch SmartHub 3.0 for them,” said Parag Rao, Country Head – Payments, Consumer Finance, Digital Banking and Marketing.