Tamilnad Mercantile Bank (TMB), a trusted private sector bank in India, has partnered with TechFini, a UPI infrastructure and fintech solutions provider, to enhance its UPI acquiring and issuing capabilities. This strategic partnership aims to provide faster, secure, and highly scalable UPI infrastructure for payment aggregators, NBFCs, merchants, and fintech partners across India. TechFini will serve as a Technology Service Provider (TSP) to TMB, supporting large enterprises and regulated entities in building and scaling high-volume digital payment and collection solutions.

The partnership expands UPI use cases in lending and collections, allowing NBFCs and digital lenders to automate EMI and loan repayments directly from customers’ UPI handles using e-mandates. This reduces reliance on cash and legacy collection mechanisms, improving predictability and efficiency. TechFini’s cloud-native UPI platform can process up to 10,000 transactions per second, ensuring enterprise-grade scalability, resilience, and readiness for future UPI innovations.

Together, TMB and TechFini are building a bank-anchored, full-stack UPI infrastructure that combines the trust of a regulated banking institution with cloud-native scalability, end-to-end control, and advanced security. This enables seamless payments and credit collections for merchants, lenders, and fintechs nationwide. The partnership is a significant step forward in TMB’s focus on combining trust with innovation, and TechFini’s mission to facilitate a secured, reliable, and accessible ecosystem for banks, financial institutions, and fintech companies.

The partnership has been welcomed by the leaders of both organizations, with Mr. Salee S. Nair, Managing Director & CEO, Tamilnad Mercantile Bank, stating that the partnership strengthens TMB’s UPI ecosystem and enables the bank to extend secure and scalable digital payment infrastructure to merchants and fintech partners across India. Mr. Jaikumar R, Co-Founder & CTO, TechFini, expressed his pleasure in partnering with TMB, an institution with a strong legacy of trust, and aims to support merchants, lenders, and fintechs across India in building reliable digital payment and collection solutions.

TechFini is an all-inclusive feature-rich payment infrastructure solution provider, offering a suite of products like Acquiring Switch, Issuing Switch, UPI Switch, Expense Management, Card Management, and Payment Gateway Software. Founded in 2023, the platform aims to facilitate a secured, reliable, and accessible ecosystem to banks, financial institutions, and fintech companies. With this partnership, TMB and TechFini are poised to make a significant impact in the Indian digital payment landscape.

Tamilnad Mercantile Bank (TMB), a private sector lender, has launched an online collection facility for Employees’ Provident Fund (EPF) payments through its internet banking platform. This new facility allows Micro, Small, and Medium Enterprises (MSMEs), retailers, wholesalers, and corporates with 20 or more employees to remit EPF contributions, including monthly salary deductions, directly through TMB’s internet banking without visiting bank branches.

The launch of this facility was announced at a function presided over by TMB’s Executive Director, Vincent Menachery Devassy. Kavitha N. George, Additional Central PF Commissioner, Chennai, highlighted the benefits of this facility, stating that it would be highly beneficial for TMB customers who were earlier making EPF payments through other banks. She emphasized the need to educate TMB customers on using this digital facility and to popularize EPF payment adoption among MSME customers.

The online EPF payment facility is a significant milestone for TMB, aimed at enhancing customer convenience through digital integration. TMB has already implemented online payment facilities for CBDT, GST, and ICEGATE, and the addition of EPF payments further strengthens the bank’s digital offerings. The bank plans to actively popularize the new payment facility among customers and focus on increasing the number of EPF payments routed through TMB.

With its headquarters in Thoothukudi, Tamil Nadu, TMB has a pan-India presence with 601 branches and 12 regional offices across 17 states and 4 Union Territories. The launch of this online EPF payment facility is expected to benefit a large number of customers, particularly MSMEs, who can now make EPF payments easily and conveniently through TMB’s internet banking platform. Overall, this new facility is a significant step towards digitalization and customer convenience, and is expected to enhance TMB’s position as a leading private sector lender in the country.

TMB Bank has announced an extension to the last date for application submissions for its 2025 recruitment cycle. Initially, the deadline for potential candidates to apply was set for an earlier date, but in a recent update, the bank has decided to push this deadline forward to March 23, 2025. This extension provides a fresh opportunity for individuals who may have missed the original deadline or are still considering applying to join the TMB Bank team.

The recruitment process at TMB Bank is designed to identify and select highly skilled and motivated individuals who can contribute to the bank’s mission and growth. The bank operates in a competitive and dynamic financial sector, and as such, it seeks candidates who possess not only the necessary qualifications and experience but also a strong passion for delivering exceptional customer service and driving innovation.

For those interested in applying, it’s crucial to review the eligibility criteria and job descriptions carefully. TMB Bank typically looks for candidates with a strong academic background, relevant work experience, and excellent communication and interpersonal skills. The application process usually involves submitting an online application, which includes uploading a resume, filling out a detailed application form, and sometimes, submitting additional documents such as transcripts or certificates.

Once the application is submitted, candidates may be invited to participate in a series of assessments and interviews. These evaluations are designed to assess not only the candidate’s technical knowledge and skills but also their behavioral competencies, such as teamwork, problem-solving, and adaptability. The bank’s recruitment team uses a combination of online tests, group discussions, and personal interviews to get a comprehensive understanding of each candidate’s potential to succeed within the organization.

The extension of the application deadline to March 23, 2025, is a welcome development for potential applicants, offering them additional time to prepare and submit their applications. It’s essential for interested individuals to utilize this window of opportunity effectively by ensuring their applications are complete, well-prepared, and showcase their skills and experiences in the best possible light.

In conclusion, the TMB Bank recruitment 2025 process presents a significant opportunity for career advancement in the financial sector. With the application deadline now extended to March 23, 2025, aspiring candidates have a unique chance to join a dynamic and growing organization. It is advisable for potential applicants to act promptly, review the application requirements meticulously, and submit their applications well before the new deadline to ensure they are considered for the available positions.