Corporation bank launches Corp e-Purse

Corporation bank, one of the leading public sector banks has unveiled ‘Corp e-Purse’, an e-wallet service for its customers using smart phones. The e-Purse has secure and real time payment processing capacity and facilitates a host of mobile based payments for both to individuals and merchants. The e-Purse can be loaded using debit card or net banking facilities of any bank, through NEFT from any bank, and cash deposit at any branch of Corporation Bank.

Corporation Bank has reported a net loss of Rs 388.37 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 147.20 crore for the same quarter in the previous year. Total income of the bank has decreased by 0.98% to Rs 5158.52 crore for the quarter under review from Rs 5209.54 crore for the corresponding quarter of the previous year.