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Indus Merchant Solutions- a Game-Changing App for Merchants
Posted on Sunday, November 21st, 2021 | By IndusInd Bank
The financial sector has witnessed some major changes in recent years. Gone are the days when cash was the only means of making transactions. Over the last few years, people have become dependent on payment apps, which facilitate a touchless and cashless process of making transactions. Considering the increase in demand for digital transactions, IndusInd Bank has introduced a one-stop mobile app for merchants, retailers and professionals- Indus Merchant Solutions.
Indus Merchant Solutions- what Makes it Different?
Managing different payment methods is not only time consuming but also may lead to errors and discrepancies. But, when you use Indus Merchant Solutions, you can carry out transactions digitally, on a single platform. The comprehensive application enables merchants and retailers to accept instant cashless payments on their mobile phones using multiple digital modes. In addition, the app comes with a built-in dashboard, which helps in tracking inventory. Merchants can also apply for an exclusive Point of Sale (PoS) machine for card-based payments. Apart from cashless transactions, the app enables merchants and retailers to get small-ticket business loans from IndusInd Bank in a completely digital and paperless manner.
Features of the Indus Merchant Solutions App
The app comes with some unique features such as:
- Single view dashboard: View, collect or reconcile payments on a single platform
- Service requests: Place service requests such as reset debit card pins, report discrepancies, send cheque book requests using the app
- Manage payments: Accept digital payments using multiple modes at any time and from anywhere
- Apply for loans: Apply seamlessly for small ticket business loans
- Over the counter payments and home deliveries: Suitable for retail stores where buyers pay at the counter. In addition, merchants can also collect payment from the buyers during home deliveries and payment-on-delivery instances when the seller and buyer are not in the same location
- Comprehensive banking platform: Get a consolidated view of all banking relationships across deposits and loans held by the merchant
At present, the app has English as the default user interface language. However, the app will be soon available in multiple languages such as Hindi, Marathi, Punjabi, Bengali, Telugu, Gujarati, Tamil, Kannada and Malayalam.
Who can use the Indus Merchant Solutions App?
- Current account holders of IndusInd Bank can download the app and start using it instantly
- Non-customers can also use the app. All they need to do is open a current account with IndusInd Bank using a fully digitised process and register as a merchant instantly.
The app is available only for Android users. However, the app will be available for iOS users shortly.
Last Few Words
The self-employed segment in India makes a significant contribution to the Indian economy. With the introduction of the app, many merchants, retailers as well as professionals can meet their banking requirements easily, from anywhere and at any time. The comprehensive app also aims to improve merchant engagement, user experience and convenience significantly. The app will also help in increasing the merchant touchpoints of IndusInd Bank significantly over the next few months.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
