There is no better time for digital banking than now

May 24, 2022

Financial services should embrace digital banking now with fintech. Image: Unsplash/Nathan Dumlao

Amitabh Chaudhry

Managing Director and Chief Executive Officer, Axis Bank

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Digital banking Payment System Indicators – Annual Turnover April – March (AePS - Aadhaar Enabled Payment System; ABPS - Aadhaar Payment Bridge System; ECS - Electronic Clearing Service; IMPS - Immediate Payment Service; NACH - National Automated Clearing House; NEFT - National Electronic Funds Transfer; UPI - Unified Payments Interface; BHIM - Bharat Interface for Money; NETC - National Electronic Toll Collection) Image: RBI

Year-on-year growth of payments through Digital banking payments. Image: RBI

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