Tamilnad Mercantile Bank (TMB) works together with Fintech company Wegofin Digital Solutions to bring about a revolution in digital banking and financial services for companies throughout India.
This collaboration marks an important milestone in the digital transformation trip of TMB and introduces Banking-As-a-payment aggregator (BAPA) to strengthen MSMEs, startups and companies with advanced financial solutions.
Wegofin, a fintech platform of the next generation that offers integrated solutions for banking, payments, accounting and compliance, will serve as a technology service provider (TSP) for TMB. TMB will use the RBI-compatible SaaS platforms from Wegofin to automate sellers on board traders, to automate bulk payments and to streamline UPI transactions with real-time settlement and reconciliation.
“Met een toonaangevende nauwkeurigheid van fraude detectie van 83,21% en sub-minute vlaggen, zullen de tools van Wegofin de beveiliging, naleving en operationele veerkracht van TMB verbeteren. Dit partnerschap zal niet alleen helpen bij het stimuleren van CASA-groei, maar ook ontgrendelde nieuwe inkomstenstromen voor de bank, het cementeren van TMB’s leiderschap in digitale firming,” de bank zei in een declaration.
Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, said: “This partnership with Wegofin marks a crucial step in TMB’s journey of transformation in the digital space. By embracing banking affairs.
The Private Bank also shared its business update for Q2FY26 on Friday.
Data showed that from 30 September 2025 at £ 1,02.417 CR, the total cases rose by 11.47 percent JoJ. The total progress at £ 46,996 CR was 10.49 percent yoj. Total deposits at £ 55,421 CR registered a growth of 12.32 percent JoJ.
Published on October 3, 2025
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