Internet banking users of almost every nationalized and private banks are reducing. Banks are burdened with maintenance costs due to fewer users using internet banking facilities. Good effort, but not sure this is anything new. Rohit, is an internet banking or net banking user since 2013. He has a savings bank (SB) account in a […]
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Better technology, offers and discounts on Visa and Mastercard are taking Bengaluru cardholders away from RuPay Rohit uses debit cards extensively. He has a Visa card, one from Mastercard and one issued by RuPay. Recently, he has stopped using the last one. He is not alone. The number of RuPay cards issued in Bangalore over […]
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People are not opting for neo-banking services due to misconceptions and lack of awareness. Potential neo-banking users prefer not to use the service over the increasing risk of fraudulent transactions and misconceptions about lack of regulation for the industry. Users are hesitant to use the service, even though this means they will never have to […]
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Nationalized banks fail to dispense bank cards to account holders amidst chip shortage. Lakhs of new bank account openers of nationalised banks wait for their cards from October 2021 due to heavy chip shortage in the country. Ashitha, a teenager who opened her account in November and waiting for the card said, “I am walking […]
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Hand-held ATMs are becoming popular in rural areas where banks are rare. Bengaluru: India has seen an increase in the number of micro ATMs (m-ATMs) since September last year. The number of m-ATMs has gone up by 61 percent from 3,07,173 to 4,94,408, statistics released by the Reserve Bank of India (RBI) show. Further, the […]
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