Ma­jor con­trib­u­tors this fi­nan­cial quar­ter:

Banking Frontiers - - Finance Platform -

Dur­ing the sec­ond quar­ter for FY 2017-18, fol­low­ing eco-sys­tem play­ers sig­nif­i­cantly con­trib­uted to RuPay e-com­merce vol­umes.

Top 5 Is­suers: Pun­jab Na­tional Bank, State Bank of In­dia, Union Bank of In­dia, Bank of Bar­oda and Andhra Bank.

Top 5 Ac­quir­ers: HDFC Bank, Union Bank of In­dia, Citibank, ICICI Mer­chant Ser­vices and Ko­tak Mahin­dra Bank.

Top 5 Mer­chants: Paytm, PhonePe, Ama­zon, Air­tel Money, Freecharge.

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