DBS Bank India, eSamudaay to offer cash management solutions to MSMEs on ONDC

New Delhi, Feb 23 (KNN) DBS Bank India and eSamudaay on Wednesday announced their association to provide cash management solutions to MSMEs doing business through Open Network for Digital Commerce (ONDC).

The data from eSamudaay digital solutions will be used to analyse the end users’ requirements to offer MSMEs customised credit and cash management products for managing collections, payments, payroll, liquidity management, and financial products, the statement added. 

South Indian cities of Udupi, Thanjavur, Mangalore and Mysore will witness the beginning of the new offering.

The aim is to offer these solutions to MSMEs in 24 cities across India and manage cash flows of the entire supply chain. 

Divyesh Dalal, Managing Director and Head at the Global Transaction Services at DBS Bank India, said that the partnership will help in empowering MSMEs beyond metro and tier-1 markets and in offering financial solutions to local businesses.   (KNN Bureau)