Dvara Money and Jana SFB Join Forces for Innovative Banking Solutions

By siliconindia  |  Tuesday, February 27, 2024

Dvara Money and Jana SFB Join Forces for Innovative Banking Solutions
Dvara Money (DM) has announced a strategic partnership with Jana Small Finance Bank Limited (Jana SFB) to enhance their digital banking experience. This collaboration leverages DM's Spark Money platform and Jana SFB's technological capabilities, focusing on third-party application providers (TPAP) to integrate a full-stack UPI solution into Spark Money.
Pramod Ghorpade, Co-Founder, MD & CEO of Dvara Money, expressed excitement about the alliance, emphasizing its potential to improve digital banking for the Bharat segment. The partnership aims to offer a more personalized and efficient banking experience, catering to the diverse needs of over 250,000 Spark Money customers and 200+ MSMEs.
The collaboration facilitates UPI functionalities, including Aadhar OTP-based onboarding and credit on UPI, seamlessly integrated into Dvara’s existing offerings. The partnership also streamlines the savings account opening process through Video KYC (VKYC), adding do-it-yourself capabilities to assisted onboarding.
Ashish Gopal Saxena, Chief Information and Digital Officer at Jana Small Finance Bank, highlighted the joint effort's focus on making banking more accessible and user-centric. The integration of technology is crucial for ensuring a smooth and efficient banking experience.
This partnership signifies a significant step toward realizing Dvara Money’s vision of enabling financial wellness for Bharat's diverse customer base. By providing a simple, personal, and needs-based banking experience, the collaboration aims to enhance the financial journeys of Dvara’s customers".

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