Axis Bank Integrates with Banking Connect for Enhanced Digital Payments
Axis Bank joins interoperable netbanking platform Banking Connect
Business Standard
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Axis Bank has joined the Banking Connect platform, enhancing its digital payment capabilities for its 37 million customers. This integration allows for a faster checkout process across over 4,800 merchants in India, simplifying netbanking transactions and improving operational efficiency for businesses.
- 01Axis Bank is now live on the Banking Connect platform, joining major banks like SBI and ICICI.
- 02The integration enhances digital payment experiences for 37 million Axis Bank customers.
- 03Banking Connect simplifies onboarding and reduces integration time for payment aggregators.
- 04New features like Direct-to-Merchant Settlements and Third-Party Verification are being developed.
- 05The platform aims to strengthen India's digital payments ecosystem.
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Axis Bank has officially integrated with the Banking Connect platform, which allows for improved digital payment processing for its 37 million customers. This collaboration enables a faster checkout across more than 4,800 merchants in India, enhancing the overall netbanking experience. The Banking Connect platform, launched in 2025, simplifies the onboarding process for payment aggregators and reduces the complexity of bank partnerships by serving as a central switch for interoperability. Notably, this integration will also introduce features like Direct-to-Merchant Settlements and Third-Party Verification, catering to businesses with complex payment needs. According to Noopur Chaturvedi, MD and CEO of NPCI Bharat BillPay, the growing adoption of this platform reflects the trust in their infrastructure. As digital payments evolve, Axis Bank is committed to leveraging modern infrastructure to enhance convenience for its customers and contribute to the expanding digital payments ecosystem in India.
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This integration will streamline payment processes, potentially reducing transaction times and improving customer satisfaction for Axis Bank users.
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