- The partnership was made to advance the merchant acquiring business in India.
- Under this partnership, Axis bank will be playing the role of acquiring a bank for BharatPe’s point of sale (PoS) business named as BharatSwipe.
- It will provide acceptance of credit and debit cards for merchants which are associated with BharatPe.
- The partnership will allow BharatPe to boost its merchant acquiring business through the best tech platform of Axis Bank.
- Due to this partnership, the merchants in India will be able to make faster payment transactions with various features in a secure and safe manner.
- Static Part:
- HQ of Axis Bank: Mumbai
- MD and CEO of Axis Bank: Amitabh Chaudhry
- HQ of BharatPe: New Delhi
- CEO of BharatPe: Ashneer Grover
Question:
a. ICICI Bank
b. Axis Bank
c. Punjab National Bank
d. Bank of Baroda
