Correct option is B
The correct answer is:(b) ~31%
Explanation:
As per Axis Bank's Q2 FY25 investor presentation, the bank achieved the number one position in the UPI Payer PSP space with a market share of approximately 31%.
As per Axis Bank's Q2 FY25 investor presentation, the bank achieved the number one position in the UPI Payer PSP space with a market share of approximately 31%.
This indicates that Axis Bank leads the market in facilitating UPI-based payments as a Payer PSP.
Information Booster:
UPI Payer PSP: These are entities that facilitate the initiation of UPI transactions, acting as intermediaries between the payer and the bank.
Axis Bank's Digital Initiatives: The bank has launched several digital products, including 'UPI-ATM' for cardless cash withdrawals and 'Bharat Connect for Business' in partnership with NPCI's Bharat BillPay Limited.
Digital Platforms: The bank's UPI services are accessible through platforms like Axis Mobile "Open", BHIM Axis Pay, and Freecharge.
Growth Strategy: The bank's focus on digital banking and strategic partnerships has contributed to its leadership position in the UPI PSP market.
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