Paytm partners with Axis Bank to provide payment technology solutions

One97 Communications (OCL), the company that owns fintech firm Paytm, on Tuesday said it will partner with Axis Bank to provide point-of-sale (POS) solutions and electronic data capture (EDC) or card machines to the lender and its merchant network.

Vijay Shekhar Sharma, founder and chief executive officer of Paytm, had recently said the company will provide its technology to partner banks.