- They have partnered to provide a new service app named ‘My Vyappar’.
- The app will serve the retail segment in India.
- It will motivate the merchants to avail digital payment services.
- The app will also motivate the merchants by providing them rewards upon attaining certain digital payment goals.
- Under the partnership, Axis Bank will provide a digital payment management function to the merchants.
- Around 50,000 PoS devices are deployed with ‘My Vyappar’ in more than 1600 Indian cities.
- The app provides retail businesses with a single view to perform all credit transactions from anywhere.
- It also offers to Buy Now Pay Later option to the user.
- EMI feature is also available for a ticket size as small as even Rs 3000.
- Static Part:
- HQ of Axis Bank: Mumbai
- CEO of Axis Bank: Amitabh Chaudhry
Question:
Q.1 With which bank has Ezetap partnered to provide a new service app named ‘My Vyappar’ to serve the retail sector?
a. Axis Bank
b. HDFC Bank
c. ICICI Bank
d. Kotak Mahindra Bank
a. Axis Bank
b. HDFC Bank
c. ICICI Bank
d. Kotak Mahindra Bank