For the convenience of the customers Axis Bank announces on Wednesday, Swipeon. With this, a separate machine is not required to accept the credit/debit cards. Establishments can accept the card with their mobiles. The mobile phone-based card acceptance service is in association with Prizm Payments and Mswipe Technologies.

A company release stated that 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 investments on their part. Swipeon will eliminate all costs associated with cash handling like loss, theft and accounting delay. Swipeon includes a card reader attached to a mobile phone that works as a POS terminal, and the customer is sent a receipt of the transaction via SMS or email. The service can be utilised through any mobile phone - be it a feature phone or smart phone (android IOS) platform

Swipeon is supposed to be user-friendly initiative of the bank and anybody with a mobile will be able to accept the card. In the sense small mobile establishments, like couriers or cab operators would be much benefitted and the customers too.  (With inputs from internet- AW AarKay)