Airtel Payments Bank, Axis Bank join hands to digitise last mile cash collection

Airtel Payments Bank, Axis Bank

Airtel Payments Bank on Tuesday collaborated with Axis Bank to digitise the cash collection system in small cities and semi-urban regions.

Airtel Payments Bank will support Axis Bank with its wide reach of a digital-led neighbourhood banking model.

According to reports, customers of Axis Bank will be able to make direct EMI deposits for loan payments at the 5,00,000 banking points of Airtel Payments Bank.

Airtel Payments Bank’s collection management services reduce the challenges of managing physical cash. With digitisation of the entire chain, it also addresses the challenges of cash in transit, bringing operational efficiencies for partners and customers.

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