India Post Payments Bank and Mahindra Rural Housing Finance, a subsidiary of Mahindra and Mahindra Financial, have announced a strategic partnership for a cash management solution. As part of the tie-up, India Post Payments Bank will be offering cash management and collection services to Mahindra Rural Housing Finance through its access points and postal service providers. With the cash management service, the customers of Mahindra Rural Housing Finance will be able to repay their monthly or quarterly loan installments at over 136,000 post offices. India Post Payments Bank said its large national network combined with its simple, scalable, and replicable technology framework have facilitated the deployment of a cash management solution to meet the requirements of Mahindra Rural Housing Finance. J. Venkatramu, MD & CEO, India Post Payments Bank said the bank with its robust network and technology platform can help corporates to manage their receivables safely, securely, and seamlessly. Anuj Mehra, Managing Director, Mahindra Rural Housing Finance, said the tie up with Inia Post Payments Bank is a step in that direction which the company believes will provide its customers access to efficient banking services and enable them to become financially secure and empowered
