Axis Bank announced as India's second largest merchant-acquisition bank

Axis Bank announced as India's second largest merchant-acquisition bank

Daily Current Affairs   /   Axis Bank announced as India's second largest merchant-acquisition bank

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Category : Business and economics Published on: December 30 2021

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  • Axis Bank has become the second-largest merchant-acquiring bank in the country by installing over 2L card-swipe machines during the year.
  • This is part of the bank's 'Axis One' strategy, in which it approaches customers with a full range of goods rather than a single service.
  • Its market share in terms of the number of devices increased from 15% in January 2021 to 16% in October 2021.
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