Archive · 3 Oct 2025
Tamilnad Mercantile Bank Partners with Wegofin for Digital Banking
Tamilnad Mercantile Bank (TMB) is teaming up with Wegofin to make banking easier for businesses.
Wegofin will help TMB offer services like payments and managing money for small to big businesses.
This means businesses can get new ways to handle money quickly and safely.
TMB hopes this will also help it gain more customers and make more money.
In addition, TMB's business has grown with total business up 11.47% compared to last year.
This new partnership is a step in the bank's plan to use more technology in its services.
Tamilnad Mercantile Bank (TMB) partners with Wegofin Digital Solutions.
The collaboration introduces Banking-as-a-Payment Aggregator (BAPA).
Wegofin will serve as the Technology Service Provider (TSP).
The partnership will help drive CASA growth and new income streams.
TMB's total business as of September 30, 2025, was up 11.47% YoY.
- Who
- Tamilnad Mercantile Bank (TMB) and Wegofin Digital Solutions
- What
- Partnership for Banking-as-a-Payment Aggregator (BAPA) services.
- When
- As of September 30, 2025.
- Where
- India.
- Why
- To provide innovative financial solutions for businesses.
- Partnership
- Tamilnad Mercantile Bank and Wegofin Digital Solutions
- Service
- Banking-as-a-Payment Aggregator (BAPA)
- Focus
- MSMEs, startups, and enterprises
- TSP
- Wegofin Digital Solutions
- TMB Business Update (Q2FY26)
- Total business up 11.47% YoY