IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes. Vivo has completed six years in India and acquired around 7 crore customers in the country. By partnering with IDFC first and Bajaj Finance, waving off the dealer charges which are payable by dealers to banks and NBFCs for EMI schemes.
IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.