SBI leads in e-payment

SBI takes service charge of 300 crores from zero balance accounts in 5 years: study

New Delhi: The country’s largest bank SBI is at the forefront of providing digital products and services to its customers. SBI has topped the digital scorecard of the Ministry of Electronics and Information Technology (MeitY) for the third consecutive month. This scorecard is prepared on the basis of performance on several digital parameters of the commercial bank. A record around 64 crore UPI transactions took place on SBI’s platform. SBI has a user base of 135 million.

According to SBI, the bank processed 636 crore transactions through its digital platform, accounting for 67 per cent of the bank’s total transactions. SBI has a 25 per cent market share in terms of transactions through mobile banking. According to Similarweb, SBI Internet Banking Service is at the top in terms of online credit in banking credit and lending category. Over 8.5 crore people use net banking of SBI.

Leave a Reply

Your email address will not be published.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