13 June 2018

Mobile Banking Rank by SBI’s Annual Report: Paytm Tops By Volume and Axis Bank Tops By Value

Mobile Banking Rank by SBI’s Annual Report: Paytm Tops By Volume and Axis Bank Tops By Value


At 17.2%, Axis Bank commands the largest value share of mobile banking transactions but it’s Paytm that tops volumes with 22%. However, Paytm’s value share is a meagre 0.25%, according to State Bank of India’s (SBI) annual report for 2017-18 which has put out Reserve Bank of India’s data for January 2018.

ICICI Bank has a 17.1% share of transactions by value and 9.7% by volume. SBI’s volume share has slipped by over 5 percentage points from nearly 25% at the end of March 2017 to 19.5% in January 2018.

Source- The Indian Express

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