Transactions worth Rs 4,800 crore happened on Kotak Mahindra Bank's mobile channels in the month of December, Shanti Ekambaram, president of consumer banking said in an analyst call. During the period of demonetization (comparing numbers from October 2016 to December 2016), the bank saw a 108% increase in first time logins on their mobile banking app. For net banking, it saw a 52% growth in first-time logins. Cards: During the demonetization period, the bank saw an 183% growth in 90-day dormant activation cards. It also saw an 86% growth in unique active cards. The number of transactions on debit cards grew 188% and the value of transactions increased 140%. For credit cards, the number of transactions increased 48% and the value of the transactions increased 31%. No absolute numbers were provided. Mobile banking: For the demonetization period, mobile banking saw an increase…
- Why India Should Think About Harms of Deanonymisation in Non-Personal Data Governance and Privacy Law September 30, 2022
- Streaming companies continue to comply with grievance disclosures under IT Rules, 2021 even when not legally required September 29, 2022
- Is it time to say goodbye to annoying CAPTCHAs? Here’s what we know September 29, 2022
- PrivacyNama 2022: Agenda and Programme; October 6, 7 & 11 #Ad September 29, 2022
- Apple removes Russia’s largest social media network VK from App Store September 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...