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Private sector lender, Axis Bank on Tuesday reported a loss of Rs 1387.78 crore for the quarter ended March 2020 on higher provisioning cost.
Axis Bank,

Axis Bank ties up with Mastercard and Worldline to launch Soft POS

 Mumbai, Jun 4 (PTI) sector lender Axis Bank on Thursday announced a tie-up with Mastercard and Worldline to launch a Soft POS (point of sale), which can be operated by merchants using any smartphone.

The solution enables face-to-face payments with Bharat QR and NFC payments, as well as remote payments for home deliveries via link-based payments, an official statement said, adding it will offered as a white-label solution to banks and a merchant can be onboarded in 30 minutes.

Apart from payments, the features also include electronic accounts service for the merchants, a cash register, an online product catalogue and Zoho business solutions, it said.

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