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IndusInd Bank introduces new digital banking platform for MSMEs

Through INDIE for Business, IndusInd Bank aims to reach over 60 million enterprises within India’s MSME segment

B2B Market Media by B2B Market Media
2 months ago
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IndusInd Bank has launched ‘INDIE for Business,’ a comprehensive digital banking platform designed to transform how micro, small, and medium enterprises (MSMEs) manage their finances.

Crafted for business owners who seek a seamless and intuitive experience, the platform offers a unified interface that brings together all banking needs – across payments, loans, collections, and account insights—into a single platform.

INDIE for Business empowers entrepreneurs with greater control, efficiency, and transparency, helping them focus on growing their enterprise while this digital platform takes care of their financial operations. The platform is accessible via mobile application (Android & iOS) and web browser.

Through INDIE for Business, IndusInd Bank aims to reach over 60 million enterprises within India’s MSME segment, offering a powerful suite of features tailored to their evolving needs.

The platform incorporates several industry-first features, such as a 360° view of all business accounts, real-time tracking of loan balances, EMIs and due dates, digital self-onboarding, along with seamless profile switching for entrepreneurs managing multiple entities.

Businesses can also make bulk payments for salaries and vendors, pay GST, income tax, and customs duties directly from the platform, and authorise transactions on-the-go using a digital approval workflow with role-based access for sub-users like accountants or finance staff, providing added operational flexibility while upholding a secure and structured framework.

Charu Sachdeva Mathur, Head – Digital Banking & Strategy (Existing Business), IndusInd Bank, said, “At IndusInd Bank, we believe that the MSME sector is the backbone of India’s economic growth. INDIE for Business will empower the MSMEs with a digital-first, intuitive platform that simplifies banking and gives them complete financial control. The platform is designed to address key challenges, including account management, tracking loans, making tax payments, or collecting dues. As the sector evolves, we believe INDIE for Business will be instrumental in accelerating their growth and supporting India’s digital economy vision.”

INDIE for Business offers a fully paperless onboarding process, allowing MSMEs to register instantly using Aadhaar, debit card, or net banking credentials. The platform will enable businesses to accept payments via POS, QR codes, and payment links, making collections simpler and more accessible.

The platform also aims to transform cross-border payments with its instant and paperless solutions. INDIE for Business was recently recognised as the Best Digital Platform for Business Banking at Finnoviti Awards 2025.

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