Axis Bank: A fully native digital current account has been made available to Axis Bank customers, including SMEs, freelancers, homepreneurs, influencers, and others, through a partnership with OPEN.
OPEN’s end-to-end financial automation tools for business management, including payments, accounting, payroll, compliance, expense management, and a number of other services, are made available to the larger business community as part of this partnership.
Axis Bank has never collaborated with a fintech company before to launch a digital current account. The product is currently available for purchase on the OPEN website (www.open.money).
How will customers benefit from a digital current account?
Customers will be able to save time and effort with this digital current account because the entire authentication process will be done online with PAN and Aadhaar, followed by a video KYC.
This current account product stands out significantly from others on the market thanks to the ease of a contactless account opening process and the zero-document upload feature, which eliminates the need for paperwork.
Customers can use this account for more than 250 banking services and get up to 50% cash back from grab-deals.
OPEN’s all-in-one digital banking platform, which is currently utilized by over 30 lakh businesses, is available to all existing Axis Bank account holders as a result of this partnership.
What’s OPEN?
Open Financial Technologies Pvt Ltd is a fintech company that specializes in digital banking. It was established in 2017.
Open Money, the SME neo-banking platform, Zwitch, the embedded finance platform, and BankingStack, the enterprise digital banking platform for banks, are all run by it.
Open Money, on the other hand, is a neobanking platform that lets small businesses, startups, and freelancers manage automated accounting, bookkeeping, expense management, compliance, and payroll on a single platform.
