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Axis Bank has launched — Swipeon — a mobile-phone-based card acceptance service in association with Prizm Payments and Mswipe Technologies.
The service will convert any mobile phone into a card acceptance device by simply attaching the Mswipe card reader to the phone.
Mobile-based card acceptance is expected to benefit merchants with home delivery services, cash-on-delivery agents, taxi-drivers and others as they can easily accept card payments on the go, with very small investment on their part.
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