The bank will offer the all facility with zero merchant discount rate (MDR).
State-owned Bank of Baroda on Thursday said it has bagged contract from Municipal Corporation of Greater Mumbai (MCGM) to establish digital payment collection services for a period of five years. With this, Mumbaikars will have an alternative digital payment services for making all payments and dues to the civic body, the bank said.
The digital modes which can be used for making payments include UPI, QR code, BHIM, IMPS, debit card, credit card, net banking, prepaid card e-wallets and m-wallets among others. All the services will be provided free of cost.
The bank will offer the all facility with zero merchant discount rate (MDR). The bank’s spokesperson said the bids for the contract were invited last September.