Question
Which bank has launched ‘Sarathi’, a
first-of-its-kind digital onboarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants?Solution
Axis Bank, one of the largest private sector banks in India, has launched ‘Sarathi’, a first-of-its-kind digital onboarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants. Unlike the cumbersome traditional onboarding process that can take several days, Sarathi provides a seamless and hassle-free experience for merchants. Sarathi is built to provide merchants with a smooth and effective experience. The paperless onboarding process eliminates the need for merchants to fill out cumbersome forms or wait for extended periods to have their POS terminals installed.
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