THE HINDU Kotak Bank launches debit card-based e-mandate
CONTEXT:
- Kotak Mahindra Bank launched a debit card-based authentication solution on NPCI’s e-Mandate API platform.
- With this, the bank has become the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication.
- It will enable its customers to create electronic mandates via both the Debit Card and Net Banking channels.