Axis Bank Launches Blockchain-based International Payment Service

Posted on:27 Nov 2017 10:02:07
Axis Bank Launches Blockchain-based International Payment Service
27 November 2017 Current Affairs: Private sector lender Axis Bank launched an instant international payment services using Ripple’s enterprise blockchain technology solution for retail and corporate customers.

Though an international offer, the bank is offering the facility only to its retail customers in the country to receive payments from the UAE-based Rak Bank and for its corporate customers to receive payments from Standard Chartered, Singapore.
Private sector lender Axis Bank launched an instant international payment services using Ripple’s enterprise blockchain technology solution for retail and corporate customers.

Though an international offer, the bank is offering the facility only to its retail customers in the country to receive payments from the UAE-based Rak Bank and for its corporate customers to receive payments from Standard Chartered, Singapore.

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