Public sector lender, Indian Overseas Bank has entered into a tie up with payment solutions provider TechProcess Solutions Limited. As a part of the agreement, TechProcess will be offering online payment services to customers of the bank. Customers of the bank will thus be able to access the web network of TechProcess and make payments for products and services through their bank accounts.

Marking the agreement, MS Raghavan, General Manager, IT department, IOB said, "IOB is happy to associate with TechProcess Solutions Ltd for Internet Payment Gateway Services - The One Stop Solution for all E-Commerce transactions from Indian Overseas Bank."

"We are delighted to partner with Indian Overseas Bank to offer their account holders our network of online merchants. I am sure this will bring unparalleled convenience to IOB customers opting to shop online." said Bikramjit Sen, CEO, TechProcess Solutions Ltd.

The merchant network of TechProcess accounts for more than 350 covering various sectors like travel and ticketing, film tickets, entertainment, flower delivery services, education, prepaid recharge, telecom, insurance, & utilities.