Bajaj Finance Ltd., Lending Branch Bajaj Finserv Ltd. has partnered with Worldline, a global firm in payment services, to develop Point-of-Sales (PoS) payments to receive solutions for its merchant network.
With this tie-up, Bajaj Finance Limited aims to enhance its relationship with both existing and new network of merchant partners, by providing point-of-sale terminals and enabling acceptance of a wide range of payment instruments such as Equated Monthly Installments (EMIs). is to increase. cards, credit cards, UPI and wallets at those terminals.
Apart from transaction services, the tie-up will provide services such as billing integration, EMI offerings, transaction processing, data analysis and fraud management services, the firm said.
“Worldline, a company with a wealth of experience in the payments ecosystem in India and globally, has been selected by Bajaj Finance Limited as a technology and services partner to develop and manage its merchant acquisition initiative, a pan-India merchant places will be present. ,” according to a press release.
The firm said the merchant value proposition will allow Bajaj Finance’s 58 million customer base to avail various services such as redemption of Bajaj Network EMI cards, Bajaj Pay Wallet, Bajaj Pay UPI and Bajaj Coins.
Rajiv Jain, Managing Director, Bajaj Finance said, “As a part of our broader strategy to expand digital offerings, we entered the digital payments business last year to offer an integrated payment solution to customers and merchant partners Bajaj Finance has been providing seamless and agile credit solutions to consumers and merchants alike, and this partnership has only helped in expanding our product suite beyond credit products to commerce and payment technology across our large and wide network of merchant stores. Which are spread all over the country. The length and breadth of the country.”