RBL Bank has reportedly partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions. The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes. The move will expand the bank’s presence in the UPI segment with its payment processing platform hosted on AWS.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
