DIGITAL PAYMENTS DOMINATE
TOTAL PAYMENTS ₹1,810.51 LAKH CRORE TOTAL DIGITAL PAYMENTS ₹1,744.01 LAKH CRORE
UPI'S TURNOVER IS SMALL BUT GROWING FASTER THAN CARDS AND OTHER DIGITAL MODES
TOTAL RETAIL PAYMENTS ₹523.4 LAKH CRORE NEFT ₹287.25 LAKH CRORE UPI PAYMENTS
SOURCE PAYMENTS AND SETTLEMENT STATISTICS FY22, RBI ₹84.15 LAKH CRORE CARD PAYMENTS ₹17.01 LAKH CRORE
At Union Bank of India’s metaverse banking offering, you have three choices to select your avatar. Universe, as the state-owned bank calls its hi-tech offering, logs you in directly outside the bank’s branch. Do keep in mind that you need to enter the branch via the proper gate. So if you’re doing this for the first time, navigating to the entry point alone will take you a few minutes. Once inside, you come across a massive virtual lobby with LED screens on both sides. There is an avatar of a branch manager sitting at the far corner. On the right, there are counters with screens for banking services and customer service. On the left, there are wealth management and digital lending counters. In case you are interested in understanding the journey of the bank, there is a screen to take you through its history since inception. While Union Bank’s initiative cannot be strictly called the metaverse, it is a scenario closer to reality, which enables customers to experiment and then choose a banking product. This is the first step banks are taking to create a virtual branch.
Bu hikaye Business Today India dergisinin February 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin February 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
