Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report

Sanjeev Moghe, head of cards and payments at the city-based lender, said starting Tuesday evening, customers witnessed unauthorised transactions where they received transaction alerts on certain low-value purchases being carried out at some e-commerce sites.

Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.

Sanjeev Moghe, head of cards and payments at the city-based lender, said starting Tuesday evening, customers witnessed unauthorised transactions where they received transaction alerts on certain low-value purchases being carried out at some e-commerce sites.

There has been "no data breach" at the bank's end, Mr Moghe said, asserting that the scale of such transactions is very limited and customers' data is safe and secure.