Axis Bank and Alliance Network India Collaborate to transform the Nation's Digital Payments and Merchant Services

Bengaluru, October 24, 2024: Axis Bank, one of the largest private sector banks in India, partners with Alliance Network India, a subsidiary of OMA Emirates Group - a leader in the UAE payment solutions, for POS aggregation to revolutionize India’s digital payment landscape. The collaboration brings together Axis Bank’s extensive reach along with its expertise in supporting easy transactions, and Alliance Network’s innovative technologies, to provide enhanced and customised solutions driving business growth for merchants.

In today’s signing event, Alliance Network, announced its strategic expansion into the Indian market through its partnership with Axis Bank. The association intends to provide Indian merchants with cutting-edge, secure, and seamless payment processing solutions, tailored to cater to their diverse business requirements across the country.

This partnership symbolizes the shared commitment of Axis Bank and Alliance Network to drive digital transformation and growth in this new era of payments and merchant services in India. Key senior executives from Axis Bank and Alliance Network India, were present on the occasion, highlighting the strategic importance of this collaboration.

Speaking on the partnership, Sanjeev Moghe, President & Head - Cards & Payments, Axis Bank, said, “We have been continuously working on comprehensive digital solutions for the merchant community to offer them with state-of-the-art payment solutions while prioritising a faster and more secure payment ecosystem. We believe this partnership will not only enhance payment processing capabilities for merchants, but also contribute significantly to the growth of the digital economy in India. Together, we are committed to delivering exceptional value and novel solutions that empower businesses to thrive in a rapidly changing market.”

Niranj Sangal, the GCEO of Alliance Network Group enthusiastically states, “We are excited to officially enter the Indian market through our partnership with Axis Bank. It’s a positive sign for us that we are launching our payments solutions with one of the largest acquiring banks of the country. We have a shared vision to bring our global expertise to the Indian market. Together, we will empower merchants with innovative technologies that drive growth and improve customer experiences in a modern landscape.”