RBL Bank Partners with CAMS to Provide Merchant Acquiring Settlement service

RBL Bank today announced that it has entered into a strategic partnership with CAMSPay (Payments Unit of CAMS) for the launch of "The CAMSPay's New Payment Gateway", a cutting-edge digital payments platform designed to meet the evolving needs of Indian enterprises. As the Merchant Acquiring Settlement Service Partner, RBL Bank will enable seamless acquiring settlement services for CAMSPay.

This collaboration brings together CAMSPay's innovation in payment technology and RBL Bank's robust banking infrastructure to deliver a secure, scalable, and regulation-ready solution for businesses across sectors. The service offering enables CAMSPay to seamlessly offer scalable payment gateway services in a secured and compliant manner with real time analytics and reconciliation to their customers and settlement through Open APIs.

R Subramaniakumar, MD & CEO, RBL Bank, said, "At RBL Bank, we are continually enhancing our service proposition to payment aggregators by investing in cutting-edge technology and seamless operational processes to create value for our clientele. We are delighted to partner with CAMSPay on this marquee initiative of launching a future-ready payment gateway that aligns with India's growing digital economy. Our platform will provide greater agility with reliable, real-time payment solutions that drive operational efficiency."

Vasanth Jeyapaul, CEO - CAMSPay, added, "With the CAMSPay's New Payment Gateway, our goal is to empower businesses to overcome everyday payment challenges by providing a stable, secure, and flexible platform. This is not just another gateway - it is a strategic platform built to meet regulatory requirements while delivering real-time capabilities."

Shares of Computer Age Management Services Limited was last trading in BSE at Rs. 3798.20 as compared to the previous close of Rs. 3745.40. The total number of shares traded during the day was 33530 in over 4110 trades.

The stock hit an intraday high of Rs. 3805.60 and intraday low of 3706.60. The net turnover during the day was Rs. 126022405.00.

Shares of RBL Bank Limited was last trading in BSE at Rs. 258.15 as compared to the previous close of Rs. 262.10. The total number of shares traded during the day was 212370 in over 2695 trades.

The stock hit an intraday high of Rs. 265.70 and intraday low of 257.00. The net turnover during the day was Rs. 55394585.00.

Source : Equity Bulls

Keywords

ComputerAgeManagementServices INE596I01012 CAMSPay RBLBank INE976G01028