Axis Bank partners with OPEN to launch a fully digital current account: Check benefits

Axis Bank: Axis Bank has partnered with OPEN, to provide a fully native digital current account for its customers including SMEs, freelancers, homepreneurs, influencers and more. 

This partnership offers the larger business community access to Axis Bank’s holistic banking experience coupled with OPEN’s end-to-end financial automation tools for business management including payments, accounting, payroll, compliance, expense management and several other services.

This is Axis Bank’s first-ever partnership with a fintech player to launch a fully digital current account. The product is already live on OPEN’s website (www.open.money).

How will digital current account benefit customers?

This digital current account will help customers save time and effort, as the authentication process will be completely digital using PAN and Aadhaar followed by a Video KYC.  

The comfort of a contactless account opening process that takes away the hassle of paperwork with a zero-document upload feature, makes this current account product significantly different from others in the market.

With this account, customers can avail of 250+ banking services and claim up to 50% cash back through grab-deals.  

With this partnership, all existing Axis Bank account holders also get access to OPEN’s all-in-one digital banking platform that is used by over 30 lakh businesses currently.

About OPEN:

Open Financial Technologies Pvt Ltd is a digital banking fintech enterprise which was established in the year 2017.  

It runs SME neo-banking platform Open Money, embedded finance platform- Zwitch and enterprise digital banking platform for banks- BankingStack.  

Meanwhile, Open Money is a neobanking platform for SMEs, startups and freelancers to manage everything from banking to automated accounting, bookkeeping, expense management, compliance and payroll in one single platform.