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Bank of Baroda Launches Baroda mDigiNext Mobile App for Corporate Cash Management.

App and Web Portal | Dated: 25 Mar 2025

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).

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Recently, which bank launched the 'Baroda mDigiNext' mobile app for corporate cash management?

Correct Answer: Bank of Baroda

🚀 Quick Recap:

About Bank of Baroda (BoB)

  • MD & CEO : Debadatta Chand
  • Headquarters : Vadodara (Gujarat)