This partnership will offer EMI options to Axis Bank debit card holders at over 70.000 Innoviti POS terminals across more than 1000 cities. It will also help consumers access credit which can be repaid in EMIs through their Axis Bank debit card, especially in smaller Tier 2/Tier 3 towns.
A dip of an Axis Bank debit card in Innoviti's POS will trigger a credit eligibility check. If eligible, the customer needs to enter their PIN and access the credit. The merchant and brands have options to enable product specific EMI schemes also, through an integration of merchant billing systems with Innoviti's payment system.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.