ZT News Network
Srinagar: In continuation to the mission of moving towards ‘Digital India Campaign’ and strengthening its digital footprint further, J&K Bank has scaled to number three position in achieving targets in digital payment transactions up to a third quarter of the current financial year.
The spokesman said that data available from ‘DigiDhan Dashboard’ platform of Ministry of Electronics and Information Technology (MeitY), Government of India(GoI) reveals that the bank has captured 3.21 crore digital payment transactions in the three quarters of the current financial year ended December 2018, surpassing Public Sector Banks like Union Bank of India and Bank of Baroda.
Commenting on this feat, J&K Bank Chairman and CEO, Parvez Ahmed said, “The initiatives taken in the direction of digitalization have started to give perceptible results. In line with our envisioned path and expected objectives, we are in sync with the larger national vision of digital transformation”
Notably, the bank has put in place the robust technological infrastructure and digital banking platform which offers mobile banking facilities through mPaY, e-Banking, Unified Payment Interface(UPI), Point of Sale (PoS) terminals, credit/debit cards, mobile wallets etc.for increased convenience of customers and greater transactional security.