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IndusInd Bank partners IGL for cashless payment solutions

12 Oct 2017 Evaluate

IndusInd Bank has partnered with one of India’s largest CNG provider for cashless payment solutions. The bank in partnership with Indraprastha Gas Limited (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.

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. As on June 30, 2017, IndusInd Bank has 1210 branches, and 2090 ATMs spread across 687 geographical locations of the country.


Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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