Bengaluru: Axis Bank, one of the largest private sector banks in India, has collaborated with Alliance Network India, a subsidiary of OMA Emirates Group, for the aggregation of the Point of Sale (POS) system to transform the digital payment landscape in India. The partnership brings together Axis Bank’s extensive reach along with its expertise in supporting easy transactions, and Alliance Network’s innovative technologies. Together both entities aim to provide enhanced and customised solutions driving business growth for merchants.
This joint venture is expected to transform the digital payments ecosystem for small businesses as well as local merchants and large corporations. It is anticipated to pave the way for an interconnected digital economy, powered by technology-driven payment solutions that will ensure secure, efficient, and seamless transactions.
Speaking about the significance of the partnership, Sanjeev Moghe, President & Head – Cards & Payments, Axis Bank, stated that this partnership will not only enhance payment processing capabilities for merchants but also contribute significantly to the growth of the digital economy in India. Together, the entities will deliver solutions to empower businesses to thrive in a rapidly changing market.
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