MUMBAI: British lender Barclays today became the first bank to have a
national tie-up with the India Post which runs over 1,55,000 post
offices across the country.
Others like Deutsche Bank, Citi, HSBC, StanC and many other domestic
banks are also waiting for such a tie-up with the postal department
which recently secured a payments bank licence.
The tie-up with India Post allows Barclays to extend its services across
the 1,55,000 post offices across the nook and cranny of the country.
"This tie-up seeks to deepen our relationship with India Post and
significantly enhances our capability to service the needs of customers
who require remote area cash management and related banking services,"
Pushkaraj Gumaste, managing director and head of client coverage,
corporate...