United Bank of India launches a new digital payments program with Worldline

Last Updated: Tue, Apr 03, 2018 21:06 hrs
Swipe Machine (Reuters image)

Mumbai: United Bank of India, a Kolkata based Public Sector Bank has moved a step ahead towards digital banking by launching a program called "United e-Collect". The program is a digital platform that enables online payment and fee collection services for the bank.

The bank partnered with Worldline, a European entity considered a leader in financial payments and transactional services industry.

Pawan Bajaj, the bank's CEO said, "Customer convenience is the prime and core factor of making things digital. 'United e-Collect' will benefit various segments of the society by helping them processing their online banking easier. It is one of the best digital innovations, which will help bank in strengthening its CASA & Non Interest Income and the merchants to get on boarded on the digital platform seamlessly."

Officials from the bank and Worldline signing an agreement. (Deepak Chandnani, extreme left and UBI's CEO Pawan Bajaj, third from left.)

Ashok Kumar Pradhan, an Executive Director working with the bank found the program to offer a competitive advantage to the bank.

Deepak Chandnani, the MD at Worldline South Asia and Middle East added, "providing a convenient, secure and simple payment experience for customers has always been the objective of Worldline. With the launch of United e-collect, we aim to help United Bank of India provide their large and diverse base of customers with an enhanced online payment experience and continue their drive towards digital banking.”

United e-Collect is a digital platform extensively launched to process online payments through Worldline’s payment gateway for electronic collection. The advanced platform will help the bank to extend the fee collection facility to different educational institutions, government sectors and corporate houses. A service level agreement in this regard is executed between Bank and Worldline South Asia and Middle East to render the digital services.

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