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…
- Over 20 GAC orders sent to Meta and WhatsApp in October, show transparency reports December 7, 2023
- 28 crypto companies have registered with the Financial Intelligence Unit: Ministry of Finance says December 7, 2023
- Big Tech Companies’ Representatives Debate the varying approaches to AI regulation at Carnegie India Summit December 7, 2023
- New Mexico Sues Meta Over Child Safety Failings on Its Platforms December 7, 2023
- Government agencies demand push notification data from Apple, Google to spy on users: US Senator December 7, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
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...