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19 February, 2018 05:38 IST
IndusInd Bank partners IGL for cashless payment solutions
Source: IRIS | 12 Oct, 2017, 09.53AM
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IndusInd Bank, in partnership with Indraprastha Gas (IGL) one of India's largest CNG companies- will be the sole provider of prepaid CNG smartcards for commercial and private vehicles, facilitating cashless transactions at all IGL's CNG gas stations.
 
The card was launched on October 11, 2017 at an event in New Delhi. There are three versions of the product, curated for specific customer needs - Retail Card, Fleet Card and Cluster Program.
 
''At IndusInd Bank, we are committed to being a catalyst for the digital revolution in India. Products like the smartcard help introduce cashless payments and bring convenience into the daily lives of countless commercial drivers, transport operators and private vehicle owners in India,'' said Ramesh Ganesan, Head of Transaction Banking Group, IndusInd Bank.

Shares of the bank declined Rs 3.35, or 0.2%, to trade at Rs 1,714.00. The total volume of shares traded was 7,852 at the BSE (9.43 a.m., Thursday).



Indusind Bank Limited   (Q,N,C,F)*

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