Bank of Baroda Launches Baroda mDigiNext Mobile App for Corporate Cash Management.
App and Web Portal
In March 2025, Vadodara (Gujarat)-based Bank of Baroda (BoB), one of India's leading Public Sector Banks (PSBs), launched the 'Baroda mDigiNext' mobile application (App), a dedicated cash management services app for its corporate customers using Baroda Cash Management Services (BCMS).
- The app aims to revolutionize how businesses handle their working capital and cash flows, enhancing efficiency, enabling faster execution, and ensuring seamless operations.
- With this launch, BoB becomes one of the few banks in India to introduce an app exclusively designed for corporate cash management needs.
- The Baroda mDigiNext mobile app simplifies cash management for corporates by offering 24/7 access to advanced financial tools, enabling quick decision-making and improved efficiency, convenience, and control over cash flow.
Main Point :- (i) Key features of the app include transaction creation and authorization, bulk upload approvals, real-time transaction tracking, account summaries, a consolidated dashboard, and enhanced security through OTP verification and 3-Factor Authentication (3FA).
(ii) Currently available on Android, the app will soon be launched on iOS, expanding accessibility for corporate users.
(iii) As per the Ministry of Finance (MoF), India recorded digital fraud losses of Rs. 4,245 crore across 2.4 million incidents between April and January of FY 2024-25.
About Bank of Baroda (BoB)
MD & CEO : Debadatta Chand
Headquarters : Vadodara (Gujarat)
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