Axis Bank surges on partnering with MinkasuPay


Axis Bank is currently trading at Rs. 747.40, up by 3.95 points or 0.53% from its previous closing of Rs. 743.45 on the BSE.

The scrip opened at Rs. 746.00 and has touched a high and low of Rs. 751.10 and Rs. 743.75 respectively. So far 149102 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 617.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 751.10 and Rs. 719.25 respectively. The current market cap of the company is Rs. 230045.80 crore.

The promoters holding in the company stood at 11.64%, while Institutions and Non-Institutions held 76.70% and 11.66% respectively.

Axis Bank has entered into partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers, through biometric authentication solution. Transaction time will be reduced from about 50-60 seconds currently, to just 2-3 seconds with Fingerprint or Face ID authentication, while also increasing success rates significantly.
 
In a continuous effort to provide hassle-free digital payment solutions to its customers, Axis Bank through this partnership with MinkasuPay will enable customers to make net banking payments in merchant apps using Fingerprint or Face ID, without the need of usernames, passwords, and OTPs. This will help enhance user experience, while also bolstering security and reducing cyber- fraud.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.



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