This is a commendable achievement given this milestone has come in just 20 months since its commercial launch, in a market now crowded with over 20 similar products vying aggressively for market share and customer growth.
During that period, CIM has powered over 2. CIM goes beyond being just another mobile payment platform by offering a very high level of integration with our core banking system. This uniqueness enables our valued customers to enjoy unhindered access to their portfolio of lease, loans and deposit accounts through one single digital platform. The CIM customer app functions as an interest-bearing digital savings account 4. Customers can use the CIM app to transfer money instantly up to Rs. CIM business app functions as a platform for retail merchants to develop their businesses by managing their business cash flows more efficiently and securely, while earning interest on the digital savings account.
CIM mobile wallet is an ambitious initiative by LB Digital Financial Services DFS , a specialised unit that combines the strength and heritage of a five decades old financial institution with the entrepreneurial spirit of a fintech start-up.
The company believes the agility and the dynamism in its business model are the key attributes in sustaining its performance at the highest level in this highly competitive financial services space. Related articles.
