Digital banking Archive
MOPAD-Multi-Option Payment Acceptance Device
MOPAD or Multi-Option Payment Acceptance Device is a POS terminal launched recently by the State Bank of India (SBI). The MOPED is the latest addition to the digital banking initiative by the largest bank in India. On
Digital Public Credit Registry (PCR) in India – An overview
Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI
Initiative Q- Digital Banking Payment System in the Making
Initiative Q is a new payment system in the making. It has become a new buzzbord in financial sector. Initiative Q is in the early stages of establishment and the promoters expect to absorb and integrate the
Unified Payment Interface (UPI): A Digital Banking Catalyst
Unified Payment Interface (UPI) is an outstanding payment system that has evolved as the backbone of digital banking in India. UPI allows the user to transfer funds money from his account to that of the payee in
Digital Banking: Opportunities and Challenges
Digital Banking, over a period has revolutionized banking and has moved beyond internet banking. Digital Banking today enables a bank to have a 360 degree interaction with the customer. Technology has played a pivotal role in this
Digital Banking: Definition and Evolution
Digital banking is a term that conveys different meaning to different stakeholders. For customers, digital banking means enjoying the benefits of innovation and convenience. For financial institutions including banks, digital banking is better customer satisfaction, more business
Digital Banking: Different Channels, Objectives and Advantages
Digital banking is the process of ensuring customer delight by offering various services and products through digital channels. Digital Banking: Definition and Evolution What are the objectives of digital banking? By offering digital banking facility, banks aim
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