CURRENT AFFAIRS : BANKING & FINANCE
Axis Bank launches ‘Sarathi’, a digital onboarding platform for POS Terminals
- Axis Bank, one of the largest private sector banks in India, has launched ‘Sarathi’, a first-of-its-kind digital onboarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants.
- Unlike the time-consuming traditional onboarding process, which can take several days, Sarathi offers merchants a streamlined and hassle-free experience.
- The solution enables merchants to complete the onboarding process in just four simple steps which includes:
- Realtime database checks for faster application processing
- Live video verification to authenticate merchant information at his/ her convenience
- It eliminates the field verification process which helps in instant decision-making
- Instant installation of POS
