PayPoint India, Bank of Baroda tie-up to widen reach of banking services
Hyderabad, Sept. 20 -- In a major push towards financial inclusion, PayPoint India has entered into a partnership with one of India's leading banks, Bank of Baroda (BoB), to provide banking services across the country through the Business Correspondent (BC) model.
Commercial banks have been finding it unviable to set up owned branches at remote locations and smaller centres, but with PayPoint India's proven expertise in taking financial and payment products to the remotest locations through its vast and ever-expanding distribution network. Almost all essential banking services can be delivered through BC customer service points.
Besides commercial banks, many renowned service providers, including insurance companies, Telcos, electricity...
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