Tag: API Banking Portal

Axis Bank has launched open APIs (Application Programming Interface) to facilitate banking services integrated across platforms for its retail and corporate customers.

The API banking portal has a range of products, covering over 200 retail APIs across cards, deposits, accounts, loans, 51 corporate APIs across payments, trade, collections, bill payments, and cross-cutting APIs, the bank said in a statement.

The corporate API product suite will allow companies across e-commerce, food delivery, payment solutions and other businesses to offer financial settlements and other secure financial transactions from their own ERP platforms, it added.

APIs will cover banking transactions that corporates do with their partners and customers on a daily basis pertaining to payments, refunds, payout reconciliation & account management and trade finance, besides other transactions. This will allow banking solutions to get embedded directly in customers’ digital systems.