MRHFL & IPPB Collaborates for Cash Management Solution

Mahindra Rural Housing Finance (MRHFL) and India Post Payments Bank (IPPB) has announced a strategic partnership for cash management solution.

In a statement, Mahindra Rural Housing Finance says, “As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers.”

It further adds that with the cash management service, its customers would be able to repay their monthly or quarterly loan instalments at over 1.36 lakh post offices.

Anuj Mehra, Managing Director, Mahindra Rural Housing Finance states, “The tie up with IPPB is a step in that direction which we believe will provide our customers access to efficient banking services and enable them to become financially secure and empowered.”

J Venkatramu, MD and CEO, India Post Payments Bank (IIPB), says, “Cash management being the lifeline of business operations, IPPB with its robust network and technology platform can help corporates to manage their receivables safely, securely and seamlessly.”