IDFC Bank has introduced a current account without any minimum balance requirement. The bank is also offering cloud-based billing solutions and credit card and online payment services. Rajiv Lall, MD and CEO of the bank, said the bank is building a proposition around merchant acquiring as part of customer acquisition strategy. It is offering a no-minimum balance account and a payment suite which includes card acceptance and payment gateway solutions, he added. The bank will also enable merchants to accept payments under the UPI as well.
