Laxmi Sunrise Bank Introduces Innovative "E-Commerce Acquiring" Service

Laxmi Sunrise Bank has introduced its groundbreaking "E-Commerce Acquiring Gateway" service, marking a significant milestone as the first bank to facilitate e-commerce transactions under the National Electronic Payment System (NePS). This innovative service is a result of a strategic collaboration between Laxmi Sunrise Bank, NePS, and Cybersource, a subsidiary of VISA.

With the successful implementation of this service, merchants associated with Laxmi Sunrise Bank can now seamlessly accept online payments through various e-commerce platforms. The E-Commerce Acquiring Gateway simplifies the payment process for clients, making it convenient for merchants to receive payments. Through this platform, merchants gain the capability to process online transactions globally, allowing consumers to make payments effortlessly without the need for physical presence, utilizing credit cards as the preferred mode of online payment.

The introduction of this feature is expected to enhance the landscape of e-commerce in the country, with both NePS and Laxmi Sunrise Bank expressing confidence in fostering business growth. Lakshmi Sunrise Bank, with its extensive network comprising 263 branches nationwide, 28 extension counters, 328 ATMs, 141 branchless banking units, and over 5,000 remittance points, primarily delivers its services through a network of agents.