Chennai: PhonePe announced that it has partnered with Axis Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with Axis Bank’s ‘@axl’ handle.
In addition, PhonePe will also start acquiring merchants with Axis Bank in addition to its partnership with YES Bank.
“This is inline with the company’s philosophy of offering users and merchant partners a seamless transaction flow. Collaborating with multiple banking partners will further strengthen the overall service reliability and uptime of PhonePe’s offering,” a company statement said.