ICICI Bank to convert 100 villages into digital in 100 days

Posted on:30 Nov 2016 09:34:59
ICICI Bank to convert 100 villages into digital in 100 days
30 November 2016 Current Affairs: Private sector lender ICICI Bank will transform 100 villages into digital villages in as many days to enable villagers go in cash less banking and payments transactions. 

These villages, which will be spread across the length and breadth of the country, will enable villagers to use digital channels for banking and payments transactions .

The bank continues to be a catalyst to accelerate development in our country. We strongly feel that technology can play an important role in putting development on a fast lane. By leveraging technology, we converted Akodara in Gujarat from a village to India's first digital village last year. 

Transformed into 'ICICI Digital Villages', villagers will be able to open bank accounts using Aadhar-based e-KYC and make cashless payments to retail stores through a unique SMS/USSD-based mobile solution. 

The bank also said that it would also set up end-to-end merchant infrastructure that would enable the retailers at the village to accept mobile based payments. 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs November 2017

21 NOVEMBER
NEWS
20 NOVEMBER
NEWS
19 NOVEMBER
NEWS
18 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS