Axis Bank has launched a mobile banking app , ‘ LIME ’ , that combines the features of a digital wallet , online shopping , e - payments and banking facilities into one product . The product will act as an independent app , which the bank says will empower any person to create individual , shared mobile accounts and make peer to peer as well as online , offline mobile payments . India has one of the largest and most - mobile mobile banking population , given its huge numbers of ' unbanked ' people , and its status as a developing country .
Axis Bank has launched a mobile banking app, ‘LIME’, that combines the functionality of a digital wallet, online shopping, e-payments and banking facilities into one product. The product will act as an independent app, which the bank says will empower any person to open individual, shared mobile wallets and make peer to peer as well as online, offline merchant payments. India has one of the largest and most-promising mobile banking population, given its huge numbers of 'unbanked' people, and its status as a developing country.