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IndusInd Bank collaborates with Trustmore to offer digital escrow services in India

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IndusInd Bank on Wednesday announced a strategic partnership with digital escrow platform Trustmore, also known as Escrowpay.

With this collaboration, IndusInd Bank aims to offer digital escrow services across India, the company said in a press release. Meanwhile, Trustmore customers will be offered IndusInd Bank's banking products and services, as part of the alliance.

Trustmore’s customers are expected to be benefitted from the on-demand digital escrow solutions offered by IndusInd Bank.


“We at IndusInd Bank are focused on empowering our customers with secure and seamless digital banking solutions. Through this collaboration, we aim to set new standards in digital escrow services, offering businesses and individuals a seamless and reliable platform for managing their transactions with confidence,” said Arun Khurana, Executive Director & Deputy CEO, IndusInd Bank.

Trustmore, which is the first firm in India to receive an authorisation by IFSCA, expects to expand its footprint in the financial sector after the collaboration with IndusInd Bank.

The digital escrow platform is known for its advanced technology in the domain, and claims to be developed to meet the requirements of digital economy. Trustmore has on-boarded over 150,000 businesses.
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