News
MRHFL and IPPB tie up to provide cash management solution
Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) on May 24 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, said a press release. With the cash management service, MRHFL customers will be able to repay their monthly or quarterly loan installments at over 136,000 post offices.
The tie-up, said the release, is a significant partnership in the financial services sector and is aimed at customer inclusivity by both the 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, it added.
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