It has been reported that Axis bank is planning to partner up with Payment bank. The bank will tie up with the Payment banks. Through this tie up bank aims to help its customers and offer more services to its customers.
The payment banks are aimed at encouraging savings and help customers with remittances. Recently RBI has permitted the payment banks to enter in to joint ventures with the lending institutions. The payment bank with whom the Axis bank will tie up is not yet declared. Axis bank is one of the leading banks of the country with a huge network of 2,505 branches and 13,146 ATMs spread all across the country.