IndusInd Bank and Mahagram have joined hands to enhance digital payments ecosystem in the country. The partnership signed between Mahagram and IndusInd Bank aims to add 1.5 crore small merchants to UPI QR in the current fiscal year.
The partnership will help boost financial inclusion, encourage socio-economic development, mitigate risks of a shadow economy and accelerate growth of cashless society.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.