back Back

Kotak Mahindra Bank spreads awareness on Digital Payments

By Leandra Monteiro

February 07, 2022

  • Awareness
  • Digital Payments
  • Digital Payments Utsav
Share

Kotak, Kotak Mahindra Bank Ltd (KMBL) announced that it is running an extensive awareness drive on digital payments as part of the Government of India-led Digital Payments Utsav. In keeping with its digital-first motto, KMBL continues to promote digitalisation of banking through its wide network and via online forums, including social media.

The Digital Payments Utsav is a part of the larger Azadi ka Amrit Mahotsav of the Government of India to commemorate the 75th Anniversary of Indian Independence. KMBL is participating in the Digital Payments Utsav by educating public on the merits of digital payments via display of posters and digital screens, e-mailers and social media.

Deepak Sharma, President & Chief Digital Officer, Kotak Mahindra Bank said, “Kotak Mobile Banking App is a comprehensive banking solution that brings over 250 functionaries and offers over 50 financial products. This year, we launched the Pay Your Contact feature on our app, which has seen a phenomenal growth. Kotak Mobile Banking App offers a full payment stack that enables customers to send and receive payments digitally. Video KYC and Kotak 811 are some of our other revolutionary digital products. I invite all our customers to switch to digital modes of payment and enjoy the benefits of easy transactions on Kotak Mahindra Bank’s digital interfaces.”

Thakur Bhaskar, Senior Executive Vice President & Head – Liability Products and Merchant Acquiring, Kotak Mahindra Bank said, “In the new normal, we have witnessed an exponential growth in digital payments. We have a host of digital payment and acceptance facilities for merchants that helps them with ease of business operations. We offer a range of point of sale and app-based omni-channel payment acceptance solutions like UPI, Bharat QR and card acceptance machines that facilitate digital payment acceptance for merchants. We also offer credit and debit EMI facilities on Kotak point of sale terminals. We urge all our customers to make use of these facilities offered by Kotak Mahindra Bank as their most trusted digital partner.”

Previous Article

February 07, 2022

Lexop closes expansion round with Companyon Ventures

Read More
Next Article

February 07, 2022

Monneo and Kantox partner for currency management automation on Cross Border payments

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Awareness

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

Today

Boodil launches innovative Travel Payments Platform

Read More

Today

heymax & Visa team to simplify Credit Card rewards experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023