Photo: Bluwire
IIM-A & Bank of America Collaborate To Launch Digital Transformation Center
With the increase of digital consumption especially due to the impact of Covid-19, the Indian Institute Of Management Ahmedabad (IIM-A) and Bank of America have decided to collaborate together to launch a digital transformation center. It aims to enhance the understanding of the digital ecosystem and leadership for digital transformation. “It becomes imperative that we study the impact of this digital transformation on business, government,… read-more
Tags: DIGITAL TRANSACTIONS, Bank, Data Centers, IIM
Courtesy: The Indian Express
Photo: Pinterest
India Records Over 25 Bn Digital Transactions In 2020, Beats China, US
India has recorded the highest number of digital transactions in 2020 globally, clocking over 25 billion transactions. China, South Korea, and the US logged only 15.7 billion, 6 billion, and 1.2 billion transactions respectively. Moreover, India's volume share for instant payments was 15.6%, which is expected to increase to over 37% by 2025. Notably, Universal Payment Interface (UPI) transactions has been continuously increasing in India for… read-more
Tags: UPI, Online Transactions, DIGITAL TRANSACTIONS, India
Courtesy: WION
Photo: Live Mint
Banks Observe Surge in Online Payment Transactions Owing COVID-19 Fears
Amidst the COVID-19 pandemic, banks have observed a surge in digital transactions. A senior official of State Bank of India stated that transactions through SBI's YONO app have skyrocketed. He informed that the usage of online channels have increased to 93% in the June quarter, from 90% in the corresponding period last year. As per report, other banks, including ICICI Bank and Axis Bank, have also witnessed a similar trend… read-more
Tags: SBI, RBI, DIGITAL TRANSACTIONS, Covid-19
Courtesy: Business Line
