Axis Bank, an Indian private sector bank, in partnership with Suvidhaa Infoserve, has launched Axis Bank- Suvidhaa Prepaid Card to offer instant cash deposit and withdrawal for customers.
Under the Axis Bank Suvidhaa program, customers will get Axis Bank Prepaid Cards issued instantly at any Suvidhaa Business Correspondent (BC) outlet through the Aadhaar eKYC platform.
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The e-KYC platform will allow users to load funds into the card instantly at BC outlets which can then be used at any POS terminal, ATM or BC outlet anywhere in the country to transact and remit money to any other domestic bank account.
Axis Bank managing director and CEO Shikha Sharma said: "The Axis Bank Suvidhaa Prepaid card is another initiative that will take us closer to our Vision of reaching out profitably to 5% of the country’s bankable population and will help many more customers to enter the Banking network."
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By GlobalData
