Corona Tane 8 out of 10 Indians use mobile banking app

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MUMBAI: Nine out of 10 Indians who have a bank account in major Indian cities are now using a mobile banking application, which has seen an increase in online payments following the Corona epidemic.

According to a survey conducted by a global agency, 4% of Indians living in metro cities and 4% of Chinese urban dwellers use their mobile banking app at least once a month.

"The epidemic has redefined how consumers connect with banks and accelerate the digital transformation in banking," the survey said. With the rise of online payments, the use of ATMs is declining, with the Kovid-12 epidemic leading people to digital payments.

Fintech and technology giants are empowering the industry through innovation. Leading technology companies such as Amazon, Antigroup, Apple, Google, Meta, Ping Un and Tencent will work together to enable collaboration of mobile, cloud, application programming interfaces, real-time data and flexible architectures, and to build a comprehensive platform and business. Using. While banks are struggling to bring about rapid change.

Many banks now acknowledge that digital transformation never ends, with 8% of banks' global decision makers saying their organization is expanding their digital transformation and 15% saying they are currently making changes. Security is also a major concern.

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