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Indian banks enter the QR Code battle HDFC Bank, Axis Bank join ICICI bank in the race for merchant dominance: Report

Major banks in India, including ICICI Bank, HDFC Bank, and Axis Bank, are entering the QR code market by introducing their own codes at merchant establishments. ICICI Bank s merchant-focused InstaBiz app has 1.5 million active users, with HDFC Bank s SmartHub Vyapar app surpassing one mn downloads.

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