The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

J&K Bank among 5 toppers in digital payment transactions

INS Desk by INS Desk
August 10, 2018
A A
JK Bank signals commencement of turn-around, posts net profit of Rs 30 Cr for Q1
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar: While falling in line with the national mission, ‘Digital India campaign’, J&K Bank has figured among top 5 banks in achieving targets in digital payment transactions. Pursuing an annual target of 4 crore digital transaction for the current financial year, 2018-19, the bank has captured 1.17 crore digital payment transactions in the first quarter of the current financial year ended June 2018.
Citibank, Standard Chartered Bank, Yes Bank and Paytem Payments Bank are among the top five banks promoting the digital transactions.
Notably, the bank has a robust digital banking platform wherein it offers mobile banking facilities through mPay, e-banking, Unified Personal Interface (UPI), Point of Sale (PoS) facility, credit/debit cards, mobile wallets, etc.
Commenting on this, J&K Bank chairman & CEO, Parvez Ahmed said: “We are committed in our efforts for promoting a less cash economy and to provide the facility of seamless digital payment to all in a convenient manner. We have placed state-of-art infrastructure in place to achieve the DIGIDHAN mission and also ensure that the digital money empowers the poor. We are localising digital channels so as to facilitate the customers in J&K with digital payment transaction.” He assured that the bank shall be surpassing the given targets at the end of the financial year.
According to “DigiDhan Dashboard, Ministry of Electronics and Information Technology (MeitY), Govt of India”, total digital payment transactions from April, 2018 were recorded by all banks together at 741.58 crore as on 09-08-2018. Pertinently, to monitor the growth of digital payments, MeitY has developed “Digidhan Dashboard”, a platform for accurate reporting, monitoring and analysis of all digital payments transactions occurring in the country. Notably, all banks together had recorded 2070.98 Crore digital payment transactions in the last financial year 2017-18.
This year, the Government has set the target of 3000 Cr. digital payment transactions to banks and digital wallets. Out of these, 4 crore digital payment transactions stand allocated to J&K Bank for the said financial year.

RELATED POSTS

Speaker to discuss functioning of House Committees tomorrow

AEJAK, ASMEA present memorandum of demands to LG Sinha

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

Buy JNews
ADVERTISEMENT
Previous Post

Watch: No court has jurisdiction to tamper with 1927 state subject laws: Mirwaiz

Next Post

GR Beigh Memorial Trust Soura to organise medical camp in Kargil on Aug 14, to adopt girl child

INS Desk

INS Desk

Related Posts

Veteran NC leader Rahim Rather set to be elected as Speaker
Regional

Speaker to discuss functioning of House Committees tomorrow

June 1, 2025
AEJAK, ASMEA present memorandum of demands to LG Sinha
Regional

AEJAK, ASMEA present memorandum of demands to LG Sinha

May 31, 2025
J&K has immense opportunity in tourism sector: PM Modi
Regional

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

May 31, 2025
Take stern action against those violating law: IGP
Regional

Proper security in place for Kheer Bhawani mela: IGP Kashmir

May 31, 2025
Weather to remain cloudy till Oct 28
Regional

MeT predicts rains, gusty winds today

May 31, 2025
Sonamarg—Zojila road closed for traffic after fresh snowfall
Regional

After fresh snowfall, Mughal Road closed for traffic

May 31, 2025
Next Post
Tobacco ban would prevent 40% cancer cases: DAK

GR Beigh Memorial Trust Soura to organise medical camp in Kargil on Aug 14, to adopt girl child

Rafiabad resident protest, demand appointment of Tehsildar, Executive Magistrate

Rafiabad resident protest, demand appointment of Tehsildar, Executive Magistrate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




President Murmu visits SMVD shrine

President Murmu visits SMVD shrine

October 12, 2023
Modalities for 24×7 flights from Srinagar airport reviewed

Invite McDonalds, Star bucks instead of promoting liquor, CSFK

November 3, 2017
BEI trains 14 students in swimming and rescue

BEI trains 14 students in swimming and rescue

September 25, 2018

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.