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:
India is one of the major sugar producers in the world, with Maharashtra, Uttar Pradesh,…
“Where sugarcane grows in abundance, the sugar mills never sleep.” This saying perfectly describes India's…
To attain the agricultural independence in the country, India has released the first-ever non-GMO and…
Unified Payments Interface (UPI). Introduced on 25 August 2016 by the NPCI (National Payments Corporation…
Miss Universe India 2026 is 19-year-old Kaziah Liz Mejo of Kerala who has won the…
The Department of Telecommunications (DoT) has introduced measures to tighten the enforcement on the maximum…