Axis Bank has partnered with BharatPe for the point of sale (PoS) business of BharatPe named BharatSwipe. Under the partnership, Axis Bank will be the acquiring bank for BharatSwipe and will provide acceptance of credit and debit cards for merchants associated with BharatPe. The partnership will help BharatPe to expand its merchant acquiring business in India.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
BharatPe’s PoS machine BharatSwipe has an installed base of 100,000 across 16 cities, processing around Rs 1,400 crore per month. BharatPe clocked an annualised transaction value of $2 billion on PoS terminals at the end of FY21. The company has set a target of $6 billion in transaction processed value (TPV) by FY22.
Important takeaways for all competitive exams:
India has many cities known for their unique identity, and some of them are famous…
Global credit rating agency Fitch Ratings has revised India’s GDP growth forecast for FY26 to…
In a landmark shift in Pakistan’s military command structure, Field Marshal Asim Munir has been…
India’s Smart Cities Mission (SCM), launched in 2015, is entering its final stretch with an…
Welcome to the November 2025 Edition of the Affairs PDF – your all-inclusive monthly guide to…
The Reserve Bank of India (RBI) recently announced two major liquidity measures, a ₹1 trillion…