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Private sector lender, RBL, in a bid to cash-in on the growing e-commerce space, has launched a digital wallet – Shmart – for online retailers.
The bank has tied up with TranServ, a digital payments company for this initiative.
With this product, says the bank e-commerce players can offer customers faster checkout, instant refunds, secure storage of bank cards,vouchers & coupons, and a semi-closed loop prepaid account to store funds.
They can also process transactions across multiple channels – mobile, web or point-of-sale (PoS), the bank said.
