PhonePe companions with Axis Bank on UPI multi-bank mannequin



Digital funds platform, PhonePe has introduced that it has partnered with Axis Bank on a Unified Payments Interface (UPI) multi-bank mannequin. The partnership will present PhonePe customers with the choice to create and use a number of UPI IDs with Axis Bank’s “@axl” deal with.

This collaboration with PhonePe strengthens our dedication in the direction of digitisation of the Indian cost ecosystem. It will assist broaden our attain to prospects and the service provider neighborhood whereas providing safe and seamless cost experiences.

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PhonePe had emerged as the highest UPI app in January, processing 968.72 million transactions value ₹1.92 trillion, in response to information by National Payments Corporation of India (NPCI). PhonePe can even begin buying retailers with Axis Bank along with its partnership with YES Bank. It will assist broaden our attain to prospects and the service provider neighborhood whereas providing safe and seamless cost experiences.

Important takeaways for all aggressive exams:

  • CEO of Phonepe: Sameer Nigam
  • Headquarters location of Phonepe: Bengaluru, Karnataka.


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