Axis Bank partners with Mastercard to launch NFC Soundbox
The new soundbox will act as an all-in-one solution that will allow the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.
The new soundbox will act as an all-in-one solution that will allow the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.
Highlighting the recent development, the Paymt said that the National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.
The company issued a release stating that One97 Communications has shifted its nodal account to Axis Bank via an escrow account that it has opened with it.
Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy.
Insurance regulator, IRDAI has approved the capital infusion by Axis Bank into Max Life, subject to the approval of the competition watchdog CCI.
With this acquisition, Axis Bank aims to strengthen its position in the insurance sector, pursuant to its investment in Fettle Tone LLP.
These devices come in a variety of accessories like band, key chain and watch loop that factor in practical usage and are available at a fee point of Rs 750.
The new feature will be applicable on all new fixed deposits and recurring deposits.
As per the statement issued by the company, the partnership will allow customers to view process and avail auto loan sanction directly on Hyundai's CTB platform.
All four banks have acquired 6.67 per cent stake each (representing 50,000 equity shares) in firm for a cash consideration of Rs 5 lakh.
