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Bajaj Finance trades higher on partnering with Worldline to develop POS payments acquiring solutions
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Bajaj Finance is currently trading at Rs. 5557.85, up by 90.70 points or 1.66% from its previous closing of Rs. 5467.15 on the BSE.
The scrip opened at Rs. 5518.00 and has touched a high and low of Rs. 5561.45 and Rs. 5457.00 respectively. So far 33170 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8043.50 on 19-Jan-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 5612.95 and Rs. 5235.60 respectively. The current market cap of the company is Rs. 334590.47 crore.
The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 32.63% and 11.51% respectively.
Bajaj Finance has partnered with Worldline, a global leader in payment services, to develop point-of-sales (POS) payments acquiring solutions for its merchant network. Worldline, a company with a rich experience in the payment ecosystem in India and globally, has been chosen by Bajaj Finance as a technology and service partner to develop and manage their merchant acquiring initiative, which will be present at pan-India merchant locations.
With this tie-up, Bajaj Finance aims to enhance its relationship with both its existing and new network of merchant partners, by providing point-of-sale terminals and enabling acceptance of a wide range of payment instruments such as EMI cards, credit cards, UPI, and wallets on those terminals.
In addition to the transactional services, the tie-up will provide value-added services like billing integrations, EMI offerings, transactions processing, data analytics, and fraud management services. The merchant value proposition will allow Bajaj Finance's 58 million customer base to avail of its various services such as Bajaj Network EMI Card, Bajaj Pay Wallet, Bajaj Pay UPI, and Bajaj Coins' redemption at the point-of-sale outlets.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
