Bank of Baroda calls on fintech start-ups to help solve payment challenge
India’s second largest bank, Bank of Baroda, is calling on fintech start-ups to solve the challenge of paying blue-collar workers.
Akhil Handa, advisor to Bank of Baroda’s MD and CEO, is asking on LinkedIn: “With payday around the corner (27 Nov–7 Dec) and cash still not omnipresent, what are the alternate ways to pay blue-collar employees?”
Wallets are not an ideal solution, he comments, due to the lack of universality. How about gift cards, he wonders. “But then the cards themselves are out of stock!”
“If you are a fintech and have a solution – please get in touch ASAP and we will implement it,” Handa says.