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Digital banking in Q3FY19: ICICI, Kotak Mahindra, Union, Canara and Yes Bank

payments, digital payments

All numbers for Q3FY19 unless stated otherwise. ICICI Bank: 23 million VPAs; digital transactions and notes ICICI Bank had 23 million VPAs on its own and partner platforms until December 21, 2018. Debit Cards: Total transaction volume: Rs 118.7 million, up from Rs 98.1 million in Q3FY18 Total transaction value: Rs 177.6 million, up from Rs 144.45 million, up 21% YoY Credit Cards: Volume: Rs 62.9 million, up from Rs 48.8 million Value: Rs 177.12 million, up from Rs 138.65 million, up 29% YoY Notes from Digital Digital channels, like internet & mobile banking, POS, etc, accounted for over 85% of the savings accounts transactions in the 9 months leading to 31 December 2019. Launched a co-branded credit card 'Amazon Pay ICICI Bank Credit Card' with Amazon Pay under a 7-year contract, currently offered invite-only to select customers of ICICI Bank Introduced lending service PayLater, which uses UPI 2.0, to provide pay later services for online shopping, bill payments, entertainment and travel bookings Began digital transactions for import payments and export bill handling on Trade Online The 'Trade Online' platform was integrated with Import Data Processing & Monitoring System (IDPMS) and Export Data Processing & Monitoring System (EDPMS) Download: Presentation | Release Kotak Mahindra Bank: 31M UPI transactions in December, 3 lakh users on WhatsApp Kotak Mahindra Bank's mobile banking grew by 221% year-on-year in volume, while there was a 76% year-on-year growth in monthly active users in mobile banking. The bank also carried out 31 million UPI transactions in…

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