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HDFC Bank aims 10-fold growth in merchant segment in 3 years to 20 million

Updated : September 27, 2020 07:35 PM IST

The bank started targeting merchants about 18 months ago with solutions on accepting payments, providing value-added services like creating a simple website for them, taking care of their inventory and lending based on cash flows, through a single app.
Having a bigger number of merchants will help the bank's analytics engines gather more intelligence and deploy suitable solutions, the source said.
HDFC Bank aims 10-fold growth in merchant segment in 3 years to 20 million

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