Axis Bank, India’s third largest private sector Bank, has announced the launch of the ‘e-Wallet Card’, an innovative solution for online payments.
The e-Wallet Card is an electronic payment service offered free of cost by the Bank to its customers, which works like any credit or debit card for making online payments.
The e-Wallet Card can be created instantly using Axis Bank’s Internet Banking and can be used for making payments on all websites that accept Visa cards.
To generate an e-Wallet Card all consumers need to do is log on to the Bank’s Internet Banking portal, select the e-Wallet Card option under the Cards menu, select the source account from which the funds would be debited and follow the instructions that appear thereafter. In case of emergency the e-Wallet Card can also be shared with relatives & friends.
Speaking on the occasion of the launch, R. K. Bammi, Executive Director, Retail Banking said “The e-Wallet Card is another instance of the Bank using technological know-how to design a product that is secure and customized for consumer’s online payment needs. We hope that the e-Wallet Card will encourage consumers to embrace the e-payment platform.”
The e-Wallet Card can be created for making e-payments and each card can be used only once, thus ensuring the safety of the user’s account. An additional layer of security in terms of Verified-by-Visa (VBV) is added to further safeguard the account. The minimum limit for the card is Rs 10 and maximum is Rs. 50,000.
The validity period of the card is 48 hours. In case of partial usage or zero usage, the un-utilized amount will be credited back to the user bank account within 4 days.
The e-Wallet Card is an electronic payment service offered free of cost by the Bank to its customers, which works like any credit or debit card for making online payments.
The e-Wallet Card can be created instantly using Axis Bank’s Internet Banking and can be used for making payments on all websites that accept Visa cards.
To generate an e-Wallet Card all consumers need to do is log on to the Bank’s Internet Banking portal, select the e-Wallet Card option under the Cards menu, select the source account from which the funds would be debited and follow the instructions that appear thereafter. In case of emergency the e-Wallet Card can also be shared with relatives & friends.
Speaking on the occasion of the launch, R. K. Bammi, Executive Director, Retail Banking said “The e-Wallet Card is another instance of the Bank using technological know-how to design a product that is secure and customized for consumer’s online payment needs. We hope that the e-Wallet Card will encourage consumers to embrace the e-payment platform.”
The validity period of the card is 48 hours. In case of partial usage or zero usage, the un-utilized amount will be credited back to the user bank account within 4 days.
