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February 08, 2021
PhonePe will acquire merchants with Axis Bank in addition to its partnership with YES Bank
Digital payments platform PhonePe on Monday announced that it has partnered with Axis Bank on a Unified Payments Interface (UPI) multi-bank model.
The partnership will provide PhonePe users with the option to create and use multiple UPI IDs with Axis Bank’s “@axl” handle.
PhonePe will also start acquiring merchants with Axis Bank in addition to its partnership with YES Bank.
Digitisation push
Hemant Gala, VP Financial Services & Payments, PhonePe, said, “We are excited to partner with Axis Bank to provide our users an option to create and transact using @axl handle on PhonePe. Our platform now enables the users to choose between multiple handles for their UPI transactions on the multi-bank model. This partnership with Axis Bank will ensure greater business continuity for both our customers and merchant partners, making their transaction exp ....

Sanjeev Moghe , Vp Financial Services Payments , Axis Bank , National Payments Corporation Of India , Unified Payments Interface , National Payments Corporation , Payments App , சஞ்சீவ் மோகே , வ்ப் நிதி சேவைகள் கொடுப்பனவுகள் , அச்சு வங்கி , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம் , தேசிய கொடுப்பனவுகள் நிறுவனம் , கொடுப்பனவுகள் செயலி ,