Wirecard expands partnership with Indias RBL Bank

Tuesday 23 April 2019 10:25 CET | News

Wirecard has announced the expansion of its partnership with RBL Bank in order to promote financial inclusion in India.

This partnership is expected to make digital payment and banking transactions more readily accessible to all Indian citizens, including those living in remote areas.

In partnership with RBL, Wirecard aims to support its retail agents, who serve as customer service representatives in various areas across the country, when it comes to enabling the financially underserved to access basic payment and banking services. These include cash withdrawals and deposits as well as balance enquiries.

Currently, there are nearly 5,000 agents enrolled in this programme. Consumers will need their local Aadhaar identification number – a biometric database that provides a unique identity to each Indian citizen and can be linked to a bank account – to access the service through Wirecard’s retail agents. All Indian citizens with an Aadhaar number linked to a bank account can access the service – and currently around 90% of India’s population has an Aadhaar number.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Wirecard, partnership, India, RBL Bank, digital payment, retail
Countries: World