Indian merchants can now accept payments using smartphones

The ability to accept contactless payments on smartphones provides more opportunities for merchants

contactless payments

Indian merchants can now accept payments using smartphones. Source: shutterstock.com

Axis has become the first Indian bank that offers merchants the ability to accept NFC, QR, and remote payments on smartphones.

In fact, this solution allows merchants to carry out face-to-face Bharat QR, NFC, and remote transactions for home deliveries.

Besides, banks will have total visibility of a merchant’s payments, simplifying for small merchants the process of getting business loans.

We have been continuously working on partnership-led models and digital solutions for the merchant community, to help them lower their cost of business
Sanjeev Moghe, head of cards and payments in Axis

According to information, the app is currently available for Android phones, but will soon be launched for iPhone users.

We’ve reported that  Switzerland is ready to start sending the QR-bills from 30 June 2020.

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