Axis Bank Launches Blockchain-based International Payment Service

Private sector lender Axis Bank has launched an instant international payment services using Ripple’s enterprise blockchain technology solution for retail and corporate customers.

Though an international offer, the bank is offering the facility only to its retail customers in the country to receive payments from the UAE-based Rak Bank and for its corporate customers to receive payments from Standard Chartered, Singapore.
Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
  • Axis Bank head office- Mumbai
  • chief executive Officer (CEO) and MD- Shikha Sharma
  • Axis Banks wins the ‘Best Use of Mobile within a Loyalty Strategy’ at the Loyalty Awards 2017
Source- The Hindu Business Line


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