Question

    Which Indian bank has the largest market share in India's merchant-acquiring business as of June 2024?

    A HDFC Bank Correct Answer Incorrect Answer
    B Axis Bank Correct Answer Incorrect Answer
    C ICICI Bank Correct Answer Incorrect Answer
    D SBI Correct Answer Incorrect Answer
    E Yes Bank Correct Answer Incorrect Answer

    Solution

    Axis Bank claims to be the largest player in India's merchant-acquiring business, with a POS terminal market share of 20.8% as of June 2024. The bank launched a new payment acceptance app, 'neo', in partnership with Visa and Mintoak.

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