Rons Bantwal
Daijiworld Media Network - Mumbai
Mumbai, Dec 23: Model Co-operative Bank Ltd on the eve of Christmas, a festive season of giving joy and happiness to those around, introduced UPI (Unified Payments Interface) to its mobile banking application. The interface was officially inaugurated at the Board of Directors meeting held on Tuesday December 22 by the chairman of the bank– Albert W D'Souza in the presence of the vice-chairman, William Sequeira and other directors, which included Vincent Mathias, A C Lobo, Lawrence D’Souza, Pius Vas, Gerald Cardoza, advisor of the bank- William L D’Souza, officiating general manager Zenon D’Cruz, assistant general managers Osden Fonseca, Naresh Thakur and Ratnakar Shetty, senior manager– IT, Vijay Chavan.
With this, Model Co-operative Bank has taken digital banking to the next level and is at par with the services offered by leading banks across the country. This product will make the bank more appealing to the younger generation that wants banking services on the tips of their fingers/touch of a screen.
UPI is smooth, secure and free for customer transaction system that makes even transactions of small amounts effortless. Some of the reasons why people choose UPI are– free fund transfer, Instant transfer (24x7), useful for small purchases, the privacy of bank account (as your bank account number is not shared), secure (Card, Card number and CVV not required), one app for many accounts, various options of apps to choose from (any app can be used eg Google pay, Phone pe, Paytm, SBIPay, Mobikwik etc), can also request for money (receive money) etc.
Model Co-operative Bank Ltd, continuously upgrades its products and services keeping the customer in mind. The customer-centric culture of the bank can be experienced in the efficient, professional and courteous service provided at its 25 branches, which is aptly illustrated by the bank in three words- 'Your Development Partner'.
We wish the bank all the best for its future plans and are sure that there will be more innovations done by the bank in 2021.