How big is Apple Pay? US payment giant to enter India as UPI dominates digital payments
Axis Bank reported results.
19 Sept 2026 · Business Today Mkts
Apple is poised to launch Apple Pay in India as early as October 2026, beginning with credit cards issued by Axis Bank, as reported by Reuters.
The analysis
Against that, the stock is -0.3% on the day at ₹1,244.40, and has returned -7.0% over three months. It sits 11% below its 52-week high. The banks sector has moved -4.0% over the same period, so Axis Bank is running 3.0 points behind its peers.
For Axis Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is AXISBANK.
- Sector exposure: Banks.
In this story
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