- 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:
Q.1 With which bank has BharatPe entered into a partnership to enhance merchant acquiring business in India?
a. ICICI Bank
b. Axis Bank
c. Punjab National Bank
d. Bank of Baroda
a. ICICI Bank
b. Axis Bank
c. Punjab National Bank
d. Bank of Baroda
