Tuesday, March 19, 2024

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DBS Bank India: Introduced a completely digital and innovative payments solution

DBS Bank India: Introduced a completely digital and innovative payments solution

  • Taking forward DBS’ commitment to support lives and livelihoods, the bank has partnered with TCIL
  • Given the large volumes of transactions, and round-the-clock nature of the operations
  • The bank proposed setting up a UPI-based real-time payments solution which is available 24x7x365
  • The solution set up under the aegis of National Payments Corporation of India (NPCI)
  • DBS RAPID (Real-time APIs by DBS) and UPI payments, provides a seamless integration with the company’s Enterprise Resource Planning (ERP) system
  • With this solution, TCIL truck drivers receive an instant credit into their bank account

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