On 30th March 2021, Ujjivan Small Finance Bank(Ujjivan SFB) partnered with nStore Technologies Private Limited (nStore)to digitise offline retailers and small businesses in India.
Under this collaboration, Ujjivan SFB will offer the mobile application ‘nLincs’, to its current account holders who own local businesses and enable them to sell their products online.
- nLincs was developed by nStore.
Aim:
To support local businesses like Kirana and General Stores, medical shops, stationary shops, fruits and vegetable stores and hardware stores.
nLincs:
Working:
The local businesses and retailers can register online and host their product catalogue on the mobile application – ‘nLincs’.
Services:
i.Through this digital banking services like merchant QR, Current Account & Overdraft (OD) facilities to meet their business needs and enable them to develop their business through digitisation with multiple digital payment options.
ii.A QR code will be provided to the merchants which can be offered to their customers to access the product catalogue and to make payments.
Recent Related News:
On December 7, 2020 Ujjivan Small Finance Bank(SFB) Ltd introduced ‘Money Mitra’, a new channel, to make banking services accessible to its customers in their neighbourhood.
Money Mitra facilitates entrepreneurs of local businesses like kirana / medical stores or Insurance agencies to offer retail banking solutions to Ujjivan SFB customers exclusively.
About Ujjivan Small Finance Bank(Ujjivan SFB):
Managing Director & CEO– Nitin Chugh
Headquarters– Bengaluru, Karnataka
Tagline– Build a Better Life
About nStore:
CEO– Pradeep Sampath
Headquarters- Chennai, Tamil Nadu
