MinkasuPay is a partner of Axis Bank for seamless netbanking for its customers

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By Daniel Webster, dWeb.News Publisher

Secure netbanking experience. No usernames, passwords or OTPs required; transactions can be completed in a matter of seconds with fingerprints or faceID.

(1888PressRelease) January 13, 2022 – Axis Bank, Indias third largest private sector bank, today announced its partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers, through biometric authentication solution. Transaction time will reduce from the current 50-60 seconds to just 2-3 seconds with Fingerprint or Face ID authentication, while increasing success rates significantly. Axis Bank and MinkasuPay have partnered to offer customers hassle-free digital payment options. Customers can make netbanking payments using Fingerprint or Facial ID in merchant apps without needing usernames, passwords or OTPs. This partnership will improve user experience and reduce cyber-fraud. MinkasuPays biometric authentication solution is a 2-Factor-Authentication solution that leverages the power of smartphones and biometrics to eliminate friction. 2FA is required by RBI to increase security for all digital transactions. Customers must log in to their netbanking accounts using their username and password. After verifying the OTP, they will be able to start the transaction. To approve all future transactions, Fingerprints or Face ID are possible.

Sanjeev Moga, EVP & Head Cards and Payments at Axis Bank said that the bank is excited to provide this best-in class experience through its netbanking platform. Our partnership with MinkasuPay is an important part of enhancing customers’ net banking experience, given the increasing adoption and usage of digital payment. It will increase transaction success rates, and further enhance safety and security for digital transactions.

Anbu Gounder (CEO, MinkasuPay) commented on the partnership. He said, “We are happy to partner Axis Bank in order to provide the best payment experience for their customers in India.” MinkasuPay, the pioneer in 1-click payments in India, offers biometric authentication solutions to Netbanking, Credit card, Debit card, and UPI payments. MinkasuPay’s security technology makes online transactions safer. MinkasuPay’s patented security technologies make online transactions safer.
Click here to view the customer journey.

Axis Bank is India’s third-largest private sector bank. Axis Bank provides a wide range of services to customers, including large and mid-sized corporations, SME, agriculture, and retail businesses. With its 4,679 domestic branches (including extension counters) and 10,970 ATMs across the country as on 30th September 2021, the network of Axis Bank spreads across 2,658 centers, enabling it to reach out to a large cross-section of customers with an array of products and services. Axis Mutual Fund and Axis Securities Ltd. are part of the Axis Group. Axis Finance, Axis Trustee and Axis Capital are all included in the Axis Bank Foundation. To know more about the bank, please visit https://www.axisbank.com.

Minkasu is a pioneer in biometric authentication for Indian payments. Minkasu is based in Silicon Valley in California and has offices in India. It offers a revolutionary authentication solution that is backed by patents. It also provides the best frictionless payment experience on the UPI and merchant apps. It completely eliminates usernames, passwords OTPs, PINs and passwords for credit card, debit card, net banking and UPI transactions. MinkasuPay, which is offered in partnership by the banks, is the most seamless payment experience in India. It allows merchants to increase their success rates, and banks can reduce fraud.

To know more about Minkasu: https://www.minkasupay.com/

For media queries only please contact:

Axis Bank MinkasuPay

Piyali Reddy, +919322657983; Piyali.Reddy ( @ ) axisbank dot com

Mittal Solanki, +919820651056; mittal.solanki ( @ ) axisbank dot com

Sonam Motreja, +919945017180/sonamm ( @ ) prhub dot com

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