Axis Bank to scale up digi­ti­sa­tion

India Business Journal - - NEWS ROUND-UP -

Axis Bank will sig­nif­i­cantly fo­cus on credit cards and dig­i­tal pay­ment meth­ods, ac­cord­ing to Axis Bank Ex­ec­u­tive Di­rec­tor Ra­jiv Anand. “We are the fourth-largest player in the credit card seg­ment with 4.3 mil­lion cards and will con­tinue to fo­cus more,” Mr Anand has added. In the re­tail seg­ment, the high­est growth is now seen in credit cards and per­sonal loans.

Axis Bank has also wit­nessed con­sid­er­able growth in the mo­bile bank­ing seg­ment. Over­all, mo­bile bank­ing spend­ing at the bank has touched Rs 71,444 crore in the first quar­ter of FY19, reg­is­ter­ing a 90 per cent growth.

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