Indian Overseas Bank Wins IBA Award for Digital Payment Initiatives for IOB Pay
Posted on: 09/Mar/2018 4:52:47 PM
Indian Overseas Bank has won Runner-Up award in category of Best Payment Initiatives amongst mid-sized banks from Indian Banks Association (IBA), an association of Indian banks and financial institutions. The award was conferred to the bank in the Banking Technology Conference, Expo 2017-18 on February 23, 2018 at Mumbai.
This award is an acknowledgement that IOB has always been adept in providing niche customer experience in banking technology to reach customers. This award was conferred to the bank for its various products and services including “IOB Pay” which is a comprehensive Payment gateway to educational institutions, merchant establishments and charitable institutions using any bank’s Internet banking or Debit/Credit Cards. This would facilitate any merchant or educational institution or religious establishment to integrate with the Bank’s integrated payment gateway instantly.
Commenting on this recognition, Mr. R Subramaniakumar, MD & CEO, Indian Overseas Bank said, "We are happy to receive this recognition as a result of steps taken towards offering seamless banking technology to our valued customers. The bank is moving towards the growth trajectory and continuing to take efforts to empower our digital banking services across India".
