Axis Bank collaborates with Google Pay, Visa to launch a new ACE Credit card

Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa.

The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally.

For essential use cases, including mobile recharges and bill payments made via Google Pay, users can earn a cashback.of 5 per cent. The company is also offering 4 per cent-5 per cent cashback for expenses on food ordering, online grocery delivery, cab rides for transactions made on partner merchant platforms such as Swiggy, Zomato, BigBasket, Grofers and Ola.

There is also an unlimited 2 per cent cashback on other transactions (terms and conditions applied).

“Users will be able to get cashback directly into their ACE Credit Card accounts. The tokenization feature enabled in partnership with Visa will allow Google Pay users to use

Read More

Google Pay rolls out Tap-to-pay feature for Axis Bank and SBI Card on Visa payments network

a close up of a computer: Google Pay rolls out Tap-to-pay feature for Axis Bank and SBI Card on Visa payments network

© Akanksha Sarma
Google Pay rolls out Tap-to-pay feature for Axis Bank and SBI Card on Visa payments network

Google has officially rolled out support for card-based payments with its tokenization feature on Google Pay. The search engine giant has worked with Visa and banking partners like Axis Bank, SBI, Kotak Mahindra Bank, etc, to allow users to safely transact with their cards and use Tap-to-pay feature on NFC-enabled POS terminals and online merchants. 

Through tokenization, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details. The feature also works with online merchants, delivering more native and seamless OTP experiences without being redirected to 3D Secure sites.

The feature is currently available to all users of Axis Bank and SBI Card, with Kotak and more banks

Read More

Simply Business, AXIS Launch Coverage for Home-Based Small Businesses

Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who conduct business from their homes. The product, to be called AXIS Home Based Business insurance, will offer customized coverage that is designed specifically for home business operations.

The Home Based Business policy will fill gaps left by homeowners’ insurance policies that may not cover commercial losses, and as a result, leave entrepreneurs who run their businesses from home unprotected from a variety of unexpected events that could jeopardize their business.

According to Peter Wilson, CEO, AXIS Insurance, the AXIS Home Based Business insurance product provides businesses with the flexibility to have what they need and nothing they don’t. ”

AXIS Insurance is the specialty insurance business segment of AXIS Capital Holdings Limited.

Simply Business offers

Read More