AU Bank, one of the fastest-growing banks in India,& Nuclei have collaborated to revamp its app with a marketplace .
Online PR News – 23-December-2021 – Bangalore, Karnataka – AU Small Finance Bank, one of the fastest growing banks in India, has now added the one
stop lifestyle marketplace to their mobile banking application. This marketplace enables
both the bank’s customers as well as their UPI users to purchase mobile top-ups, send gift
cards to their loved ones and book travel across hundreds of destinations both within and
outside India directly through their mobile banking application. The Bank aims to make
their customers' lives easier by aggregating all these services on its mobile application so
that customers don’t have to navigate through multiple apps and all their lifestyle needs
can be fulfilled by the AU 0101 app.
AU Small Finance Bank & Nuclei have collaborated to provide a superior experience to
customers, where they can perform all these activities without any hassles from the
AU0101 app. With the help of this initiative, customers can browse through the available
options within the app and pay seamlessly for all the services through their bank accounts
without the need of entering card details or waiting for OTP. This will add an additional
layer of security for the digital payments done by the customers. Users will also get the
benefit of exclusive deals & offers customized to their needs through their bank.
Customers will also be able to modify or cancel their purchases directly from the app
through a single click. AU Small Finance Bank will also allow the customers to send their
loved one’s gift cards personalized to the occasion. Customers can purchase gift cards
across 50+ brands like fashion, electronics, entertainment, OTT, etc. and send it to their
family and friends directly from the app.
“We have always been focused on providing new offerings and driving more customers
to use our digital applications. Nuclei's platform helped us become a Super-app and
adding this marketplace adjacent to our banking services will enable our customers to
transact seamlessly and securely from their AU 0101 app across various lifestyle services.
We are building a world- class platform out of India to serve our customers and this is a
great milestone for our journey.” said Ankur Tripathi, the Chief Information Officer at
AU Small Finance Bank.
“AU Small Finance Bank has always been at the forefront of providing best-in-class
services to its customers and we are very excited to launch our platform on their mobile
banking application. Providing these value-added services on the banking platform will
help the bank increase customer engagement. The customers will get added benefits of
hassle-free payment and handpicked deals across multiple products just at their
fingertips.” said Ankur Joshi, the founder & CEO of Nuclei.
About AU Small Finance Bank:
AU Small Finance Bank Limited (AU Bank) is a scheduled commercial bank, a Fortune
India 500 Company and India’s largest Small Finance Bank. AU Bank stands tall with a
deep understanding of the rural and semi-urban markets that has enabled it to build
robust business model facilitating inclusive growth. With 25+ years legacy of being a
retail focused and customer-centric institution, AU started its banking operations in
April 2017 and as on 30th Sept 2021, it has established operations across 811 Banking
Touchpoints while serving 21.3 Lakh customers in 15 States & 2 Union Territories with
an employee base of 23,400+ employees. The Bank has a Shareholder’s Fund of ? 6,781
Cr, deposit base of ? 39,034 Cr and Loan AUM of ? 38,011 Cr. AU Bank enjoys the trust
of marquee investors and is listed at both the leading stock exchanges viz. NSE and BSE.
It has consistently maintained a high external credit rating from all major rating agencies
like CRISIL, CARE and India Ratings.
Nuclei is a FinTech SaaS platform that enables Banks to integrate any 3rd party product or
service within their mobile application. Nuclei's Platform is today powering the Merchant
Marketplace for 18 major Banks across Asia, with over 3 million transactions per month,
across 15 categories and 40 merchant partners. They are right now in the middle of a
global expansion to the rest of the Middle East and Southeast Asia markets.