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Bandhan Bank & Odisha Govt Partnered to facilitate OTDC payment Solutions

Published on August 10, 2023
Current Context: Bandhan Bank has announced its association with Odisha Government to help them strengthen payment solutions for Odisha Tourism Development Corporation (OTDC) Ltd. The bank has provided Point of Sale (PoS) machines to facilitate card payments by tourists.
Bandhan Bank & Odisha Govt Partnered to facilitate OTDC payment Solutions
  • Prime locations, including Puri, Bhubaneshwar, Konark, Chilka and Gopalpur, will be covered under this tie-up. The PoS machines will hasten tourist payment collections, bringing convenience to both the tourists and OTDC officials.
  • The bank is planning to launch UPI services soon. The EDC machines will also help prevent revenue loss for OTDC, which may be caused by the lack of cash carried by the tourists. This initiative aligns with the nation’s vision of becoming a cashless economy.
  • Bandhan Bank now has around 150 banking outlets in the state of Odisha, while the Bank currently serves the banking needs of more than 3 crore customers through more than 6,100 banking outlets across 34 states and union territories in the country.

Question:

Q.1 What is the name of the bank that has partnered with Odisha Government to provide payment solutions for OTDC?
a. HDFC Bank
b. Bandhan Bank
c. Axis Bank
d. ICICI Bank
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