Cosmos Bank is the first Co-operative Bank in India to provide the RuPay PaySecure facility for its customers. Through RuPay PaySecure Cosmos Bank customers can safely use their RuPay card on eCommerce sites.
Cosmos Bank is the Card Issuer in this case. An issuing bank is a bank that offers card association branded payment cards directly to consumers. The name is derived from the fact that it issues payment to the acquiring bank on behalf of its customer-the purchaser in the transaction.
Cosmos Bank was established in 1906, i.e the Bank completed glorious 107 years of service successfully. It has attained multi state scheduled status in 1997, which enabled it open branches in other Indian states.
The objectives of the subsidiary are
- to provide end-to-end business and technology solutions to its clients in various areas of expertise
- catering to the needs of the Banking and Financial Services Industry in the areas of Software Development, Training, IT Audit, IT Consultancy & Professional services