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Axis Bank and J.P. Morgan Enable 24/7 Dollar Payments via Blockchain | LinkProfit.ie

30/03/2025

Axis Bank and J.P. Morgan Launch 24/7 Dollar Payments Using Blockchain 

In a groundbreaking partnership, India's Axis Bank and global banking giant J.P. Morgan have enabled real-time U.S. dollar payments through blockchain technology. Leveraging J.P. Morgan's blockchain platform, Kinexys, this initiative allows Indian commercial clients to send and receive dollar payments 24/7—anytime, anywhere.

Why This Matters

This collaboration revolutionizes cross-border payments for Indian companies by eliminating traditional banking limitations like business hours, time zones, and intermediary delays. It opens up seamless, real-time access to liquidity and efficient international payments.

Key Benefits of the Blockchain Payment System

  • 24/7 Access: Businesses can process dollar payments beyond standard banking hours, including weekends and holidays.

  • Real-Time Settlements: Transactions are instant, cutting down processing times from days to seconds.

  • Liquidity Unlocking: Faster settlements mean businesses can better manage working capital and cash flow.

  • Global Reach: Supports cross-border payments to regions with differing work weeks, such as the Middle East.


Indian businesses faced delays and inefficiencies when making U.S. dollar payments due to banking cut-off times and timezone mismatches. Create a faster, more flexible international payment infrastructure. Axis Bank partnered with J.P. Morgan to integrate the Kinexys blockchain platform, enabling 24/7 real-time USD transactions. Businesses now enjoy seamless global transactions, improved liquidity management, and reduced friction in cross-border commerce.

The Future of Cross-Border Payments

This initiative marks a major step toward modernizing the international payment landscape, showcasing the practical value of blockchain in traditional banking. More banks are expected to follow suit as demand grows for real-time, borderless financial systems.

Axis Bank and J.P. Morgan's blockchain-powered payment solution sets a new benchmark for speed, efficiency, and global reach in cross-border banking. As blockchain adoption expands in finance, innovations like this will shape the future of how the world moves money.

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