GET Stock QuotesNews18 APP
Independence Day India | News18.com
»
1-min read

Axis Bank to be Able to Process Payments Over WhatsApp Soon

"We are also working with partners like Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments," Axis Bank Executive Director - Retail Banking, Rajiv Anand said.

PTI

Updated:March 13, 2018, 5:24 PM IST
facebookTwittergoogleskypewhatsapp
Axis Bank to be Able to Process Payments Over WhatsApp Soon
In this file photo, an employee speaks on his mobile phone as he walks inside Axis Bank's corporate headquarters in Mumbai. (Photo: Reuters)
Loading...
Bengaluru: India's third largest private sector bank Axis Bank on Tuesday said it would soon be able to process payments over the popular chatting application 'WhatsApp'.

The bank also termed the Unified Payment Interface(UPI) as a "huge opportunity".

"UPI we are the market leaders in terms of innovation, and we do believe that UPI is a huge opportunity. We are working in terms of creating a differentiated environment for our customers," Axis Bank Executive Director - Retail Banking, Rajiv Anand told reporters in Bengaluru.

"We are also working with partners like Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments," he said.

According to Bank officials, Axis Bank enjoys 20 per cent market share in the UPI space.

Stating that Google Tez is already up and running, Anand in response to a question about the roll out said, "WhatsApp, we are in the process of integration.

"...WhatsApp is currently running the beta version, the full version should...we are hoping is, will come with in the next month or two."

Axis Bank said it's mobile banking spends touched Rs 51,030 crore in Q3 FY18, increasing 71 per cent YoY, thereby reinforcing the Bank's commitment to accelerate the 'Digital India' agenda.

It said over 66 per cent of the Bank's transactions were made through 'digital modes' in Q3 FY18 as against 52 per cent in Q1 FY17.

According to officials, the Bank's focus on cards, both credit and debit, also continues to remain high with Axis continuing to be the market leader in installing 'card-acceptance terminals'. As of Q3 FY18, the number stood upwards of 479,200.

Also Watch

| Edited by: Huma Tabassum
Read full article
Loading...
Most Active
Company Price Change %Gain
Sun Pharma 601.80 +37.90 +6.72
Tata Steel 578.95 +10.15 +1.78
SBI 294.90 +0.75 +0.25
Dewan Housing 658.20 +35.95 +5.78
TCS 2,003.55 +3.40 +0.17
Company Price Change %Gain
Tata Steel 578.90 +9.70 +1.70
Sun Pharma 601.65 +38.90 +6.91
Tech Mahindra 671.15 +12.40 +1.88
Shriram Trans 1,320.20 -31.15 -2.31
SBI 294.70 -0.10 -0.03
Top Gainers
Company Price Change %Gain
Sun Pharma 601.80 +37.90 +6.72
Yes Bank 382.50 +11.80 +3.18
Lupin 836.75 +24.80 +3.05
Bajaj Finance 2,830.20 +69.80 +2.53
UltraTechCement 4,299.10 +104.90 +2.50
Company Price Change %Gain
Sun Pharma 601.65 +38.90 +6.91
Yes Bank 381.75 +10.65 +2.87
ICICI Bank 332.30 +7.05 +2.17
Axis Bank 618.30 +13.00 +2.15
Reliance 1,210.95 +23.80 +2.00
Top Losers
Company Price Change %Gain
UPL 610.45 -14.95 -2.39
Hero Motocorp 3,266.35 -41.85 -1.27
Larsen 1,253.25 -15.80 -1.25
HPCL 270.05 -3.05 -1.12
Adani Ports 373.15 -4.00 -1.06
Company Price Change %Gain
Hero Motocorp 3,263.00 -42.60 -1.29
Larsen 1,253.50 -15.05 -1.19
Adani Ports 373.35 -4.00 -1.06
NTPC 156.95 -1.10 -0.70
Bharti Airtel 366.50 -2.45 -0.66
Loading...
Loading...