Kerala State Cooperatives Consumers' Federation (Consumerfed) has reportedly tied up with IDBI Bank to facilitate cashless purchases for its consumers. In this regard, more than 300 machines have already been installed and a special IDBI Bank team was deputed to plan and execute the scheme.
Consumerfed runs a network of hundreds of Thriveni fair price shops, Neethi fair price medical shops and some beverage outlets throughout the state. Consumers can now swipe their cards at these outlets.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.