<h1>GeM Partners with UCO Bank and Bank of Maharashtra to Enhance Payment Services, Boosting MSME Opportunities.</h1> The Government e-Marketplace (GeM) has signed Memorandums of Understanding with UCO Bank and Bank of Maharashtra to enhance payment-related services for its users. These agreements aim to facilitate fund transfers, performance bank guarantees, and earnest money deposits through GeM Pool Accounts, contributing to a paperless, contactless, and cashless system. GeM has already partnered with 19 banks for such services and is working with financial institutions to offer bill discounting and working capital financing. This initiative particularly benefits sellers and MSMEs by providing easier access to credit and improving business opportunities with the government.