by Mumbai, India – Axis Bank, a leading Indian bank, has teamed up with Kiwi, a fintech startup, to introduce a UPI-enabled credit card service. The service, called Axis KWIK, will allow users to make payments using their credit cards through UPI.
“We are excited to partner with Kiwi to launch Axis KWIK,” said Rajiv Anand, Group Executive and Head of Retail Banking at Axis Bank. “This is a first-of-its-kind service in India, and it will make it easier and more convenient for our customers to use their credit cards.”
“We are delighted to partner with Axis Bank to launch Axis KWIK,” said Siddharth Mehta, CEO and co-founder of Kiwi. “This is a major milestone for us, and we are confident that it will be a game-changer in the Indian payments landscape.”
Axis KWIK will allow users to make payments using their credit cards by scanning a QR code or entering a UPI ID. The service will be available on both Android and iOS devices.
To use Axis KWIK, users will need to have a UPI-enabled bank account and an Axis credit card. They will also need to download the Axis KWIK app from the Google Play Store or the Apple App Store.
Once the app is installed, users will need to create an account and link their UPI-enabled bank account and Axis credit card. Once their accounts are linked, they will be able to start using Axis KWIK to make payments.
Axis KWIK is a secure and convenient way to use your credit card. All transactions are tokenized, which means that your card details are not shared with merchants. The service also uses two-factor authentication, which adds an extra layer of security.
Axis KWIK is a major innovation in the Indian payments landscape. It makes it easier and more convenient for users to use their credit cards, and it is a secure and convenient way to make payments.
Key takeaways from the story:
- Axis Bank has teamed up with Kiwi to introduce a UPI-enabled credit card service.
- The service, called Axis KWIK, will allow users to make payments using their credit cards through UPI.
- Axis KWIK is a secure and convenient way to use your credit card.
- The service is available on both Android and iOS devices.
- Axis KWIK is a major innovation in the Indian payments landscape.
Implications of the story:
The launch of Axis KWIK is a major innovation in the Indian payments landscape. It makes it easier and more convenient for users to use their credit cards, and it is a secure and convenient way to make payments.
The service is likely to be popular with consumers who are looking for a more convenient way to use their credit cards. It is also likely to be popular with merchants who are looking for a more secure way to accept payments.
The launch of Axis KWIK is a sign of the growing adoption of UPI in India. UPI is a fast, secure, and convenient way to make payments, and it is becoming increasingly popular with consumers and merchants.
The launch of Axis KWIK is also a sign of the growing competition in the Indian payments market. Banks and fintech startups are increasingly competing to offer innovative and convenient payment solutions to consumers.
