Axis Bank launches 'neo for merchants' app in partnership with VISA and Mintoak

The 'neo for merchants' app empowers merchants to accept payments, view transaction reports, and raise service requests directly through the mobile application which eliminates the need to rely on their relationship manager.

The application’s all-in-one functionality offers low-cost solutions, enhances the omnichannel payment experience, and offers a one-stop solution for all merchant needs such as transaction and service reports.

Axis Bank’s neo for merchants offers a wide range of benefits:

·         Convenience: Merchants can accept payments anytime via Cards, SMS Pay and UPI, which enhances the overall experience and satisfaction for customers as well as merchants

·         Efficiency: Streamlines payment process and service request through the mobile app that can save time for both merchants and staff, leading to increased productivity

·         Data Insights: Transaction and Settlement reports accessible through the application can offer valuable insights to the merchants

·         User-friendly App: Robust payment and service capabilities emphasize its value in simplifying operations, enhancing experience and driving business growth

Speaking at the launch, Sanjeev Moghe, President & Head- Cards & Payments, Axis Bank said, “Our newly launched neo for merchants is a one-stop solution for all business requirements of the merchant community. This application is a great opportunity for us to support them in conducting their business smoothly, enhancing convenience and building a robust digital ecosystem.”

Speaking on the partnership with Axis Bank, Raman Khanduja, Co-founder and CEO of Mintoak, said, "As businesses increasingly embrace digitisation, our collaboration with Axis Bank aims to deliver intuitive technology and cutting-edge solutions to empower today’s SMEs. Leveraging their trust and distribution alongside our technological expertise, the neo for merchants app is positioned to cater to the evolving needs of the merchant ecosystem in payments, finance, and commerce."

"This solution underscores our continued commitment to supporting the aspirations of dynamic, enterprising Indian merchants while delivering convenience, efficiency and valuable insights for growth. With the power of Visa, we shape the future of commerce with our clients and drive secure and seamless payment experiences for everyone everywhere”, said Rishi Chhabra, Head of Merchant Sales and Acquiring at Visa, India and South Asia.