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Mintoak and Axis Bank Join Forces to Empower SMEs with Merchant Payments and Business Solutions.

Economy Business | Dated: 31 Oct 2024

Mumbai (Maharashtra)-based Mintoak Innovations Private Limited (Mintoak), a software-as-a-service (SaaS) platform for merchants, has teamed up with Mumbai-based Axis Bank Limited to streamline payment solutions for Small and Medium-sized Enterprises (SMEs).

🎯 Key Highlights:

  • - Mintoak and Axis Bank have jointly launched Neo for Merchants, a payment acceptance and commerce enablement application.

💡 Other Important Facts:

  • (i) As part of this collaboration, Axis Bank will leverage Mintoak’s SaaS platform to help SMEs accept payments, access transaction reports, and submit service requests directly through the app.
  • (ii) HDFC Bank, State Bank of India, Axis Bank, YES Bank in India, and globally Absa, and Burgan Bank are among the merchant acquirers that have implemented the company’s merchant payment and commerce enablement solutions.

📚 Test Your Knowledge:

Recently Mintoak and which bank have joined forces to empower SMEs with merchant payments and business solutions?

Correct Answer: Axis Bank

🚀 Quick Recap:

About Axis Bank

  • CEO: Amitabh Chaudhry
  • Headquarter : Mumbai