Kotak Bank launches debit card-based e-mandate on NPCI’s API platform

29-04-2019

Kotak Mahindra Bank has announced the launch of an industry-first debit card-based authentication solution on NPCI’s e-Mandate API platform. Kotak becomes the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication, the bank said in a statement adding that the capability will enable its customers to create electronic mandates (similar to the erstwhile eNACH with Aadhaar + OTP) via both the Debit Card and Net Banking channels.

Read More : https://www.thehindubusinessline.com/money-and-banking/kotak-bank-launches-debit-card-based-e-mandate-on-npcis-api-platform/article26910161.ece

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