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‘Indus Merchant Solutions’ App

Published on November 19, 2021
Current Context: The IndusInd Bank launched ‘Indus Merchant Solutions’ which is a mobile application.
‘Indus Merchant Solutions’ App
  • It is launched for merchants, retailers, and professionals to perform banking transactions in a digital manner.
  • They can perform various activities like accepting instant cashless payments from customers through multiple digital modes, tracking inventory via in-built dashboards, applying for an exclusive Point of Sale (PoS) machine to perform card-based payments, avail small ticket business loans from the bank.
  • These all activities they will be able to perform via the app in digital mode, paperless manner, and without visiting a bank branch.
  • Any current account holder of the bank can use this app by downloading it.
  • And a non-customer can open a current account with the bank by performing a digital process and registering themselves as a merchant.
  • The user of the app can track payments, perform payments in an ease manner, place cheque book requests, reset their debit card pins and report any complaint as well from many other features.
  • Static Part: 
    • HQ of IndusInd Bank: Mumbai
    • The tagline of IndusInd Bank: We make you feel richer
    • MD and CEO of IndusInd Bank: Sumant Kathpalia

Question: 

Q.1 What is the name of the mobile app launched by IndusInd Bank for merchants, retailers, and professionals to perform banking transactions in a digital manner?
a. ‘Digital Indus Solutions’
b. ‘IndusInd for Merchants’
c. ‘Indus Merchant Solutions’
d. None of the above

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