Digital banking great business opportunity for banks, says Finance Minister Arun Jaitley

Finance Minister Arun Jaitley on Thursday held meeting with heads of all banks through video conferences. The agenda of the meet was to expand the digital banking. The meeting was intended to encourage digital transactions in the country post demonetisation move.

“We had meeting through video conferences with heads of all banks, single agenda of meet was to expand the digital banking itself. In the last few years there has been a huge expansion of e-wallets and debit cards use in the country,” said Arun Jaitley.

FM said “contrary to argument made that Indians are not adapted to this mode; 80 crore cards in circulation, of which 40 crore are active users. We emphasised to banks that digital banking is a great business opportunity for them so they have to take this up in a huge way.”

We had meeting through video conferences with heads of all banks,single agenda of meet was to expand the digital banking itself: FM Jaitley pic.twitter.com/tqC3Ep7NHR

— ANI (@ANI_news) November 24, 2016

In the last few years there has been a huge expansion of e-wallets and debit cards use in the country: FM Arun Jaitley pic.twitter.com/h2yYPH5JDw

— ANI (@ANI_news) November 24, 2016

We emphasised to banks that digital banking is a great business opportunity for them so they have to take this up in a huge way: FM Jaitley pic.twitter.com/ohuPIF0ZI8

— ANI (@ANI_news) November 24, 2016

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