DBS Bank India: Introduced a completely digital and innovative payments solution
- Taking forward DBS’ commitment to support lives and livelihoods, the bank has partnered with TCIL
- Given the large volumes of transactions, and round-the-clock nature of the operations
- The bank proposed setting up a UPI-based real-time payments solution which is available 24x7x365
- The solution set up under the aegis of National Payments Corporation of India (NPCI)
- DBS RAPID (Real-time APIs by DBS) and UPI payments, provides a seamless integration with the company’s Enterprise Resource Planning (ERP) system
- With this solution, TCIL truck drivers receive an instant credit into their bank account
