BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. The association of Bank of Baroda(BOB) Credit Card with Innoviti Payment Solutions will enable BOB credit card holders to access EMIs that can be repaid conveniently through their credit cards.
Note– The offering is in terms of convenient and affordable EMI options
- The Bank of Baroda credit cardholders pan India can receive the service from over 70,000 Innoviti POS terminals across more than 1,000 cities.
Reason Behind
Due to COVID-19 crisis the consumers are very cautious about spending and yet will need affordable options in essential categories such as healthcare, education, IT (computers and laptops), and furniture & kitchen appliances.
Process to avail the Service
i.The customers who want to opt for EMI need to notify the cashier during billing.
ii.The cashier can convert the payment into EMI over-the-counter on the POS terminal.
iii.Customers then enter their PIN to access the credit at the cashier point
Recent Related News:
i.Kotak Mahindra Bank and Innoviti Payment Solutions Pvt. Ltd. announced that they have collaborated to provideEMI billing options on Kotak Debit Cards which are swiped on Innoviti POS terminals.
ii.POS (Point of Sale ) solution provider in India, ePaisa entered into a partnership with First Alliance Bank (Z) Ltd in Zambia, Africa, to provide mobile point of sale (mPOS) solutions to small and medium enterprises and other businesses.
About Innoviti Payment Solutions Pvt. Ltd:
Registered office– Bangalore, Karnataka
CEO– Rajeev Agrawal
About BOB
Headquarters– Alkapuri, Baroda(Vadodara)
Managing Director & CEO– Sanjiv Chadha
