Axis Bank has launched LIME, a mobile app that offers wallet, shopping, payments & banking. LIME will act as an independent app, empowering any person to open individual, shared mobile wallets and make peer-to-peer, as well as online, off-line merchant payments.
According to bank officials, users can also experience in-app shopping that allows them to compare and buy products and services. LIME will also enable individuals to open a full-fledged savings account digitally, by completing the know your customer (KYC) process, using their mobile.
“Customer preferences are changing rapidly and technology is transforming the way these preferences are being met. Our effort has been to constantly innovate through the use of smart technology to meet these evolving needs. LIME is the next big step in this journey,” Axis Bank MD and CEO Shikha Sharma said.