Axis Bank is close to surpassing Yes Bank as India's largest UPI payment provider, backed by strong partnerships and regulatory changes. Expected to claim top spot soon.

In the recent past, the use of UPI for online payments has increased a lot. Not only in cities, but also in villages, people ...

Setu, a Pine Labs company, in partnership with Axis Bank, launched UPISetu, India’s UPI-focused payments platform for businesses.

The feature is currently available for Yes Bank and Axis Bank-issued UPI handles, with plans to expand to other banking partners soon.

The Axis Bank Supermoney Rupay Credit Card offers 3% cashback on UPI transactions, subject to excluded categories. The card provides 1% cashback on other transactions and is lifetime free.

Axis Bank's managing director and chief executive officer Amitabh Chaudhry on August 25 said that banks are not getting paid a penny for providing all the pipes for Unified Payment Interface (UPI ...