Kotak Mahindra Bank rises on partnering with Ezetap
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Kotak Mahindra Bank is currently trading at Rs. 1841.65, up by 15.50 points or 0.85% from its previous closing of Rs. 1826.15 on the BSE.
The scrip opened at Rs. 1813.00 and has touched a high and low of Rs. 1843.15 and Rs. 1803.05 respectively. So far 12957 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1627.25 on 30-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1852.50 and Rs. 1740.05 respectively. The current market cap of the company is Rs. 362481.62 crore.
The promoters holding in the company stood at 25.99%, while Institutions and Non-Institutions held 57.55% and 16.46% respectively.
Kotak Mahindra Bank (KMBL) has partnered with Ezetap to provide integrated Point of Sale (PoS) solutions across 4,000 locations in India. The initiative will further strengthen the Bank’s presence in the digital payments market space. Through this association, Ezetap's integrated and customised Point of Sale (PoS) solutions will benefit scores of KMBL’s merchants in retail business spread across the country.
It will give retail customers a way to pay through cards and digital modes across all touchpoints in the purchase journey whether at the counter in-store or paying on delivery. The enterprise and government customers of KMBL will enjoy all the benefits of Ezetap’s deep-tech integration and customised solutions.
PoS machines or Point of Sale device is an electronic device used by retail merchants like grocery or apparel stores or pharmacies or any other category of retail business to collect payments against the goods and services rendered through non-cash modes like debit and credit cards, QR or even SMS to customer to pay using a link. This partnership will enable KMBL to scale up its PoS product base across merchant segments, including retail enterprises and government customers, which service lakhs of customers on a daily basis.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
