Digital payments platform, PhonePe has 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.
This collaboration with PhonePe strengthens our commitment towards digitisation of the Indian payment ecosystem. It will help expand our reach to customers and the merchant community while offering secure and seamless payment experiences.
WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual
PhonePe had emerged as the top UPI app in January, processing 968.72 million transactions worth ₹1.92 trillion, according to data by National Payments Corporation of India (NPCI). PhonePe will also start acquiring merchants with Axis Bank in addition to its partnership with YES Bank. It will help expand our reach to customers and the merchant community while offering secure and seamless payment experiences.
Important takeaways for all competitive exams:
National News Tushar Mehta Reappointed as Solicitor General of India The Government of India has…
After reports of Meta’s major investment in CRED and Kunal Shah’s leadership move connected with…
Chennai Petroleum Corporation Limited (CPCL) which is India's one of the leading oil refining companies…
The newly launched Aadhaar App has crossed the 31 million downloads within just five months…
As Lionel Messi become the FIFA World Cup top scorer in the history of the…
The FIFA World Cup 2026 has added another historic moment to football’s biggest stage as…