Categories: Agreements

Axis Bank tie-up with MinkasuPay for biometric-based banking payments

Axis Bank has tied up with MinkasuPay to offer a biometric authentication solution for net banking payments in merchant apps using Fingerprint or Face ID, without the need for usernames, passwords, and One-Time Passwords (OTPs). This Solution will reduce the time of payment from 50-60 seconds to just 2-3 seconds and also increase the transaction success rate.

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MinkasuPay’s biometric authentication solution, which is a 2-Factor-Authentication (FA) solution (mandated by the Reserve Bank of India), will help in increasing quick and secure digital transactions through device binding and Public Key Infrastructure (PKI).

Important takeaways for all competitive exams:

Axis Bank Founded: 3 December 1993;
Axis Bank Headquarters: Mumbai;
Axis Bank MD & CEO: Amitabh Chaudhary;
Axis Bank Chairperson: Shri Rakesh Makhija;
Axis Bank Tagline: Badhti Ka Naam Zindagi.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.