IndusInd Bank on Tuesday introduced ‘ INDIE for Business’ platform to empower MSMEs. Through this step, the bank aims to reach over 60 million enterprises within India’s MSME segment.
The digital platform offers all banking services - across payments, loans, collections, and account insights. INDIE for Business aims to transform how the micro, small, and medium enterprises (MSMEs) manage their finances.
This platform incorporates multiple features such as a 360° view of all business accounts, real-time tracking of loan balances, EMIs and due dates and digital self-onboarding The platform also allows profile switching for entrepreneurs managing multiple entities.
Businesses can also make bulk payments for salaries and vendors, pay GST, income tax, and customs duties directly from the platform, and authorize transactions on-the-go
The platform provides added operational flexibility while upholding a secure and structured framework.
Resgistration process
INDIE for Business allows MSMEs to register instantly using Aadhaar, debit card, or net banking credentials, making the onboarding process paperless.
Once registered, the business will be able to accept payments via POS, QR codes, and payment links. The platform also aims to transform cross-border payments with its instant and paperless solutions.
“INDIE for Business will empower the MSMEs with a digital-first, intuitive platform that simplifies banking and gives them complete financial control. The platform is designed to address key challenges including account management, tracking loans, making tax payments, or collecting dues,” said Ms. Charu Sachdeva Mathur, Head – Digital Banking & Strategy (Existing Business), IndusInd Bank.
At IndusInd Bank, we believe that the MSME sector is the backbone of India’s economic growth, she said.
The digital platform offers all banking services - across payments, loans, collections, and account insights. INDIE for Business aims to transform how the micro, small, and medium enterprises (MSMEs) manage their finances.
This platform incorporates multiple features such as a 360° view of all business accounts, real-time tracking of loan balances, EMIs and due dates and digital self-onboarding The platform also allows profile switching for entrepreneurs managing multiple entities.
Businesses can also make bulk payments for salaries and vendors, pay GST, income tax, and customs duties directly from the platform, and authorize transactions on-the-go
The platform provides added operational flexibility while upholding a secure and structured framework.
Resgistration process
INDIE for Business allows MSMEs to register instantly using Aadhaar, debit card, or net banking credentials, making the onboarding process paperless.
Once registered, the business will be able to accept payments via POS, QR codes, and payment links. The platform also aims to transform cross-border payments with its instant and paperless solutions.
“INDIE for Business will empower the MSMEs with a digital-first, intuitive platform that simplifies banking and gives them complete financial control. The platform is designed to address key challenges including account management, tracking loans, making tax payments, or collecting dues,” said Ms. Charu Sachdeva Mathur, Head – Digital Banking & Strategy (Existing Business), IndusInd Bank.
At IndusInd Bank, we believe that the MSME sector is the backbone of India’s economic growth, she said.
You may also like
Royal fans say the same thing as Fergie returns to Wimbledon for first time in years
'Finally, A Nepo Kid Who Knows How To Act': Shanaya Kapoor's Performance In Aankhon Ki Gustaakhiyan Trailer Impresses Netizens
Congress-RJD preparing to embrace Owaisi for vote polarisation, claims HAM
Popular 70s rocker fears 'will I last much longer' in heartbreaking admission
Centre draws roadmap for zero-emission trucking to accelerate green drive
