Saturday, 23 September 2023



LATEST NEWS NeVA technology will make legislative processes more accessible to common people: Sandhwan Sukhvinder Singh Sukhu lays foundation stone of Annadale View Building Master Trainers ready to empower Punjab's rural landowners DC Poonch Yasin M Choudhary reviews progress of Jal Jeevan Mission schemes in Poonch District AHD trains Youth as MAITRIs; Empowered to Serve Farmers and Foster Self-Employment DC Rajouri Vikas Kundal inspects progress of work on Mother Child Care Hospital at Lamberi Food Safety Act & Eat Right Campaign Municipal Committee Vijaypur set to get new office building ADDC Kulgam takes stock of pace & progress on transit accommodations for KP Employees at Mirhama, Chowgam DC Ganderbal Shyambir flags-off 15th annual Gangbal Yatra District Tourism Development Council to be established at Ganderbal DC Baramulla Dr. Syed Sehrish Asgar flaggs-off Shanti Yatra from GHS Deewanbagh Eid-e-Milad-un-Nabi (SAW) arrangements reviewed and finalised at Anantnag Kisan Mela At KVK Rauni Underscores Agro-Technologies Gain Jyoti Institute of Management & Technology organized Annual Sports Meet Deputy CM Mukesh Agnihotri presented cheques of 16.73 lakh towards Aapda Rahat Kosh LPU trained retail outlet dealers of Bharat Petroleum Corporation Limited (BPCL) Chief Minister Bhagwant Singh Mann Announces To Introduce Ai For Further Enhancing The Efficiency Of Punjab Police Addi Ni Tikkdi: Ammy Virk & Jasmin Bajwa Grooves Lively In Latest Song From The Film 'Gaddi Jaandi Ae Chalaangaan Maardi' 'Asal Desi Brand will be launched showcasing hand made products by SHGs of District Barnala, Punamdeep Kaur India's Commitment to Equality : Women's Reservation Bill Becomes a Reality-Dr Nowhera Shaik


Axis Bank launches ‘Sarathi’, a digital on-boarding platform for POS Terminals, streamlining the merchant acquisition process

A first of its kind digital on-boarding journey for merchants to enable instant POS installation

Commercial, Axis Bank, Sarathi, Electronic Data Capture, Sanjeev Moghe
Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 23 May 2023

Axis Bank, one of the largest private sector banks in India, has launched ‘Sarathi’, a first of its kind digital on-boarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants. Unlike the cumbersome traditional on-boarding process that can take several days, Sarathi provides a seamless and hassle-free experience for merchants.The solution enables merchants to complete the on-boarding process in just four simple steps which includes:

Ø  Realtime database checks for faster application processing

Ø  Live video verification to authenticate merchant information at his/ her convenience

Ø  It eliminates the field verification process which helps in instant decision-making

Ø  Instant installation of POS

With an innovative on-boarding solution, Sarathi is built to provide merchants with a smooth and effective experience. The paperless on-boarding process eliminates the need for merchants to fill out cumbersome forms or wait for extended periods to have their POS terminals installed.

Merchants stand to benefit significantly from Sarathi's innovative features, which include immediate status updates, eliminating the need for follow-up visits, and the ability to transact on the same day their application is processed. The paperless on-boarding process ensures that all necessary documents are collected at one go, avoiding the need for merchants to make multiple visits or submit forms repeatedly. 

The solution provides quick installations within 45 minutes of processing the application.Commenting on the announcement, Sanjeev Moghe, President & Head - Cards & Payments, Axis Bank, said “Axis Bank will continue to focus on creating digital differentiators across the lifecycle of merchants and consumers. 

Sarathi gives us the immense potential to drive value for both merchants as well as the sales channel, especially at a time when instant gratification is the norm. This rapidification of on-boarding combined with top-notch feature-rich terminals should deliver a superior experience for our merchant community and at the same time improve productivity for our sales teams from an efficiency and productivity standpoint.”

Sarathi's on-boarding solution marks a fundamental leap in the way merchants onboard, simplifying the process and delivering an unparalleled level of convenience and efficiency.

About Axis Bank:   

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 4,903 domestic branches (including extension counters) and 15,953 ATMs across the country as on 31st March 2023, the network of Axis Bank spreads across 2,741 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. 

The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.For further information on Axis Bank, please refer to the website:


Tags: Commercial , Axis Bank , Sarathi , Electronic Data Capture , Sanjeev Moghe



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2023 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD