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Bandhan Bank Joins Bharat Connect for Digital EMI Payments

7 October 20251 min read
BANKING & FINANCEBandhan BankJoins BharatConnect for DigitalEMI Payments7 October 2025safalsetu.com

Why in the news

Bandhan Bank linked up with Bharat Connect so that its loan customers can pay EMIs digitally, backing the bank’s digital-first approach and financial inclusion.

Key facts

  • Partner: Bharat Connect, the digital payments platform of NPCI Bharat BillPay Ltd. (NBBL).
  • Purpose: simpler EMI repayment for the bank’s loan customers.
  • Bank channels: the mBandhan mobile app and Retail Internet Banking (RIB).
  • Wider reach: more than 700 apps and websites connected to Bharat Connect.
  • Agent network: 5 million offline agents across the country.

Benefits

  • Fewer missed or late instalments.
  • A smooth, repeatable and easy-to-use repayment experience.
  • A stronger digital ecosystem for the bank.

Exam angle

  • Bank in the news: Bandhan Bank; platform: Bharat Connect.
  • Operator of the platform: NBBL, linked with NPCI.
  • Theme: financial inclusion through offline agents.

Test yourself

1. Bandhan Bank partnered with which platform to enable digital EMI repayment?

The bank tied up with Bharat Connect of NBBL.

2. Bharat Connect is the digital payments platform of which entity?

It belongs to NPCI Bharat BillPay Ltd. (NBBL).

3. How many offline agents does Bharat Connect offer for wider reach, per the notes?

The collaboration uses its 5 million offline agents nationwide.

This topic is part of Daily Current Affairs 7 October 2025 (15 topics).

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