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BharatPe partnered with Axis Bank

Published on September 02, 2021
Current Context: The BharatPe has entered into a partnership with India’s private sector bank, Axis Bank.
BharatPe partnered with Axis Bank
  • 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

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