Browsing: Banking

Rakesh Jha, Executive Director (Designate), ICICI Bank said, “We are delighted to be part of the initiative of setting up DBUs across the nation, under the aegis of RBI. They operate like digital branches where customers can undertake banking transactions digitally, at a time of their convenience. They can also seek guidance from experts on banking services at these units.

Customer experience is a major market driver and competitive advantage in the banking industry, and new customer-centric initiatives must provide a differentiated and seamless experience for fast, easy, and full access from anywhere, at anytime, and on their own device. Bfsinxt.com spoke with Vishak Raman, Vice President of Sales, India, SAARC and Southeast Asia at Fortinet on how security operations and strategies are a true enabler and driver of innovation and business initiatives for banks.

Worldline, a global leader in payments services, has joined forces with NPCI International Payments Ltd. (NIPL), the international arm of…

Sriram H. Iyer, Head – International Banking Group, ICICI Bank said, “With the launch of ‘Smart Wire’ facility, which is an industry-first initiative, we are offering our NRI and resident customers a unique combination of speed and an enriched experience of executing a cross-border transaction. We believe this new facility will help our customers to conveniently carry out quick and hassle-free money transfers.”

A study by Capgemini Research Institute titled as ‘World Payments Report 22’, finds that new payment methods are expected to…

A. Manimekhalai, MD & CEO, Union Bank of India, said, “Union Bank is adopting Digital Products in a big way. Various new initiatives are taken by the Bank to increase Digital Footprints. The IT assets are increasingly exposed to the Internet. In this backdrop, our Bank has established the Ethical Hacking Lab to strengthen the cyber ecosystem. This is an important milestone as we take our cyber security journey ahead to secure digital banking experience.”

In this intended collaboration, both companies NPCI & TerraPay will work together to further empower Indian customers with active UPI Ids (350 million bank accounts) to be able to transact at QR locations enabled by TerraPay, globally. 

 Rakesh Jha, Executive Director, ICICI Bank said, “We are delighted to announce the launch of ‘Festive Bonanza’ for our customers which will include a plethora of offers, discounts and cashbacks on purchases and spends. We have collaborated with leading brands and e-commerce platforms across a wide range of products and services.”

The bank said the bond issue witnessed overwhelming response from investors, attracting bids worth Rs 9,647 crore, which was oversubscribed by about five times against the base issue size of Rs 2,000 crore.

NPCI said with the linkage of RuPay Credit Card on UPI, customers will benefit from the increased opportunity to use their credit cards, and merchants will benefit from the increase in consumption by being part of the credit ecosystem with the acceptance of credit cards using assets like QR codes.