Kotak Mahindra Bank has been selected as a digital payments partner by the National Agriculture Market (eNAM), a pan-India electronic trading portal for farm produce. The bank will enable and facilitate online transactions for all stakeholders on the eNAM platform, including farmers,traders, and farmer producer organisations (FPOs).
Under this initiative, the bank will provide payment, clearing, and settlement services on the eNAM platform to facilitate trade between a buyer and seller of agri produce. The bank has integrated its payment system and portal directly with the payment interface of the eNAM platform to enable quick and safe transactions for Agri participants who have joined the eNAM platform. BS Sivakumar, President & Key Leadership Team Member, Kotak Mahindra Bank said the bank is delighted to be one of the first banks to serve as an online payments and transactions partner on eNAM and play our part in accelerating the digital revolution that is underway in the Indian agriculture sector.
