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Mahindra Rural Housing Finance Partners with IPPB for Cash Management Solution
Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) on 24th May announced a strategic partnership for cas
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Realty Plus
Published - Wednesday, 26 May, 2021
Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) on 24th May announced a strategic partnership for cash management solution. As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers. With the cash management service, MRHFL customers will be able to repay their monthly or quarterly loan instalments at over 136,000 post offices.
The tie-up for cash management solution is a significant partnership in the financial services sector, and is aimed at customer inclusivity by both partners. IPPB’s large national network combined with its simple, scalable and replicable technology framework has facilitated the deployment of cash management solution to meet the requirements of MRHFL.
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