Axis Bank bets on Aadhar, mobile apps to expand digital transactions

Digital currently makes up 70% of bank's overall transactions; branch banking makes up 12%

Axis Bank, the country’s third largest private sector lender, is looking to expand the scale of its digital transactions. Such transactions currently make up 70 per cent of the bank’s overall transactions compared to branch banking which accounts for only 12 per cent.

“Our intent is to increase the volume of digital transactions. People are getting used to it and it is on us how we intensify the digital operations. At present, digital transactions contribute around 70 per cent to our total transactions and we see lot of opportunities in this space driven by Aadhar-enabled payments and mobile app