
Axis Bank Share Price Live Updates: Axis Bank's Trading Summary

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
10 hours ago
- Mint
ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users
Starting August 1, private sector lender ICICI Bank will start charging payment aggregators (PAs) a fee for handling Unified Payments Interface (UPI) transactions that these PAs facilitate on merchant platforms, reported Business Standard. For the unversed, PAs act as intermediaries between banks and merchants as they simplify the payment process by pooling funds and settling them with the merchant. These include Google Pay, PhonePe, Mobikwik and Razorpay, among others. The bank has reportedly sent letters to payment aggregators intimating them of this decision. Quoting a source familiar with the development, BS reported that the bank will charge PAs that maintain an escrow account with the bank 2 basis points (bps) per transaction, capped at ₹ 6. For PAs that do not have an escrow account with the bank, the charge will be 4 bps, capped at ₹ 10 per transaction. However, the bank will not levy any charges on PAs if the UPI transactions are settled directly into an ICICI Bank account held by the merchant, as the bank will have the opportunity to earn a float on these funds. 'If you look at the RBI governor's recent statement on charging for UPI, banks may have taken a hint from that statement while rolling out pricing for PAs. From a bank's perspective, they have invested in the technology, costs surrounding the UPI switch, issuing and acquiring side,' an executive at a payments company said. Yes Bank and Axis Bank are among other private sector banks that charge PAs for UPI payments, the executive added. The top three players in the UPI set up are Yes Bank, Axis Bank, and ICICI Bank, from the payer as well as the payee side. According to experts, with the volume of UPI transactions rising significantly, especially in the peer-to-merchant (P2M) segment, banks are compelled to invest considerably in infrastructure to support the spike. But since there is no merchant discount rate (MDR) levied on UPI transactions, the ecosystem brings almost no revenue for handling and processing these transactions. In addition, banks pay a fee for using the UPI switch. Payment aggregators charge merchants a platform fee, a convenience fee, and other charges for handling their payments. As end customers are not charged for UPI transactions, sources said banks are now considering tapping into this revenue stream by levying charges on PAs. 'PAs will either pass on the costs to their merchants to maintain margins or absorb them based on the kind of arrangement they have with merchants. Credit card transactions (on UPI) have also grown, so there is a form factor for monetisation already in some places,' an executive at another payments firm said. When a customer makes a UPI payment on a merchant's platform, the PA acts as a facilitator between the customer's bank, where the money is debited and the merchant's bank, where the money is eventually credited. PAs usually keep an escrow account with a bank of their choice. The funds are initially settled into this escrow account before being transferred to the merchant's account. Once the funds are received in the escrow account, the PA settles the amount with the merchant's bank account. For all personal finance updates, visit here

Time of India
16 hours ago
- Time of India
Apollo Hospital Share Price Live Updates: Apollo Hospital's Volume Overview
Discover the Apollo Hospital Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of Apollo Hospital's latest details, including: Last traded price 7538.0, Market capitalization: 107809.74, Volume: 2205, Price-to-earnings ratio 74.56, Earnings per share 100.56. Our liveblog offers a holistic view of Apollo Hospital by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact Apollo Hospital's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the Apollo Hospital Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:13:00 AM IST, 01 Aug 2025 Show more Show less


Time of India
16 hours ago
- Time of India
ICICI Bank Share Price Live Updates: ICICI Bank's Monthly Return Overview
01 Aug 2025 | 09:02:21 AM IST Welcome to the ICICI Bank Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of ICICI Bank, including: Last traded price 1485.1, Market capitalization: 1057058.82, Volume: 7276, Price-to-earnings ratio 19.99, Earnings per share 74.12. Get a complete picture of ICICI Bank's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as ICICI Bank continues to make waves in the market. The data points are updated as on 09:02:21 AM IST, 01 Aug 2025 Show more