Axis Bank's adoption of JPMorgan's Kinexys Digital Payments is expected to enhance cross-border transaction efficiency, providing 24/7 payment capabilities.
Axis Bank, one of India's leading banks, will implement JPMorgan's Kinexys Digital Payments for cross-border transactions. This blockchain-based solution promises 24/7 instant payments, overcoming traditional banking hour limitations. The Kinexys platform has surpassed $1.5 trillion in transaction volume since its pilot launch in GIFT City, involving multiple banks.