July 18, 2024

Axis Bank partners MinkasuPay for a seamless net banking experience


Axis Bank, India’s third-largest private sector bank, today announced its partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers, through biometric authentication solutions.

Transaction time will reduce from the current 50-60 seconds to just 2-3 seconds with Fingerprint or Face ID authentication while increasing success rates significantly. In a continuous effort to provide hassle-free digital payment solutions to its customers, Axis Bank through this partnership with MinkasuPay will enable customers to make netbanking payments in merchant apps using Fingerprint or Face ID, without the need for usernames, passwords, and OTPs.

MinkasuPay App Logo

This will enhance user experience while bolstering security and reducing cyber-fraud. MinkasuPay’s biometric authentication solution is a 2-Factor-Authentication solution that leverages the power of smartphones and biometrics to eliminate friction. 2FA, as mandated by RBI, helps increase the security of all digital transactions. For the first transaction, customers have to log in to their netbanking account using their username & password, verifying the OTP, as usual, to get on-boarded. For all subsequent transactions, a Fingerprint or Face ID can be used to approve payments. 

Speaking on the initiative, Sanjeev Moghe, EVP & Head, Cards and Payments, Axis Bank, said, “We are excited to offer this best-in-class experience on our netbanking platform. With the growing adoption & usage of digital payments, our partnership with MinkasuPay will play an important role in enhancing customers’ net banking experience. It will improve transaction success rates and further strengthen safety and security of digital transactions.”  

Commenting on the partnership, Anbu Gounder, CEO, MinkasuPay, said “We are pleased to partner Axis Bank to bring the best payment experience in India to their customers.\”

Anbu further added: \”MinkasuPay is the pioneer of 1-click payments in India and offers biometric authentication solutions for Netbanking, Debit card, Credit card, and UPI payments. MinkasuPay’s patented security technologies make online transactions much safer. Instead of trying to optimize existing OTP-based flows or compromise on security for low-ticket items, we have built a truly innovative digital payments authentication platform from the ground up, that leverages device binding and Public Key Infrastructure (PKI) to enable quick and secure payments.”

Press Release received on mail



QIB and Edaa sign an agreement to distribute dividends to shareholders of listed companies in Qatar
QIB forges alliance with Edaa
BIBF signs an MoU with LIBF
BIBF inks agreement with LIBF
National Bank of Oman, has forged an alliance with Federal Bank of India, a prominent player in cross-border remittance and non-resident Indian banking services.
NBO forges alliance with Federal Bank of India
  • logo banner warba
  • Mutual Trust Bank Plc
  • Ahli United Bank


The business landscape is going through continuous change, which means that there are constantly new challenges arising in HR. This blog entails on few of the major challenges arising in 2024
Representational Image
ACCA announces the addition of new Emirati members to its Members’ Advisory Committee with a government-led goal of achieving a 10% increase in Emiratisation of the skilled workforce by 2026
CyberKnight announces VAD partnership with Forescout for META. CyberKnight to offer complete asset intelligence and control across IT, OT, and IoT to Forescout.