CURRENT AFFAIRS

Detailed explanation-1: -The Axis Bank Rupifi Business Credit Card applies only to the MSME businesses on Aggregator platforms which are partnered up Rupifi PAN India.

Detailed explanation-2: -Rupifi is building India’s first Lending-As-A-Service platform to provide SMEs with the complete suite of credit solutions. This partnership will give Axis Bank an opportunity to tap into the unexplored and lucrative MSME segment, which is an Page 2 addressable market of over USD 100 Bn.

Detailed explanation-3: -SpiceJet and Axis Bank have partnered to launch a co-branded credit card in two variants – SpiceJet Axis Bank Voyage and Voyage Black.

Detailed explanation-4: -Samsung, India’s largest consumer electronics company, and Axis Bank, India’s third largest private sector bank, have partnered to launch an exclusive co- branded credit card, powered by Visa.

Detailed explanation-5: -Axis Bank has partnered with Google Pay and Visa to launch a new ACE Credit Card. The company says its ACE Credit card is designed for the growing base of users keen to participate in the digital economy. Axis Bank says users will earn a 5% reward in the form of cashback on bill payments via Google Pay.