HDFC Bank launches SmartHub Merchant Solutions 3.0 for SMEs

HDFC Bank has introduced the launch of “SmartHub Merchant Solutions 3.0” for Small and mid-size enterprises. This answer permits retailers and self-employed professionals to immediately open a present account and begin accepting funds in-store, on-line, and on-the-go.

The Bank plans to achieve out to greater than 20 million small and medium retailers {and professional} companies like docs, pharmacies, salons and laundry companies throughout the metro, semi-urban and rural India within the subsequent three years. The service provider answer was launched at a digital occasion held in Mumbai by Parag Rao, Country Head – Payments, Consumer Finance, Marketing and Digital Banking at HDFC Bank together with T R Ramachandran, Group Country Manager, India and South Asia, Visa.

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About SmartHub 3.0:

SmartHub 3.0 can be accessible in app-based, web-based and a spread of PoS gadgets and can have options like digitizing Khata, enabling assortment reminders, stock administration, billing software program and lending to retailers’ foundation their banking.

Key options:

  • Instant account opening and service provider setup
  • Payment assortment by means of any mode – Bharat QR code, Aadhaar Pay, UPI, SMS Pay, Credit or Debit Cards, or any app akin to Payzapp, Google Pay.
  • Customise interface in 9 languages
  • Share product catalogue with prospects through SMS, e mail or Whatsapp
  • View and apply for mortgage and bank card affords
  • Single dashboard view of funds and dues throughout places
  • Segment particular Value Added companies like stock administration for grocery retailers, EMI for Electronic retailers, billing, stock and reminders for pharmaceutical retailers to call just a few
  • Merchants also can create their very own buyer loyalty program on this answer. They can run their very own ‘discounts and offers’ for his or her prospects.

Important takeaways for all aggressive exams:

  • CEO & MD of the HDFC Bank: Sashidhar Jagdishan.
  • The tagline of HDFC Bank: We Understand Your World.
  • HDFC Bank Headquarters: Mumbai, Maharashtra.

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