HDFC Bank has signed a Memorandum of Understanding (MoU) with Storeking, a distribution platform connecting brands to small towns and villages of India. Through this MoU, Storeking will become a corporate business correspondent of HDFC Bank, allowing the bank to tap Storeking’s network.
Storeking, a Bengaluru-based start-up, enables retailers in tier 3 to tier 6 cities to sell more products and services to in-store customers by ordering through its app and web platform. It will allow HDFC Bank to go deeper into rural geographies to offer its full range of products and services, bridging the Bharat-India divide.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
