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Mobile transactions to overtake net banking: ICICI Bank

Mobile transactions to overtake net banking: ICICI BankMumbai, Jan 12 (IANS) Lending major ICICI Bank on Friday said that it foresee mobile banking to overtake internet banking.

According to the lending major's Group Executive and Chief Technology and Digital Officer B. Madhivanan, around half of the digital transactions of savings account are taking place on mobile banking.

"I believe that in the near future, growth in mobile banking will be led by voice based services and technology, AI (artificial intelligence) led personalised suggestions and services for every customer and 'satchet' like financial products with small ticket digital loans and insurance," Madhivanan said on the occasion of ICICI Bank's iMobile app completing 10 years of operations.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)


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Mobile transactions to overtake net banking: ICICI Bank

About Gopi Adusumilli

Gopi Adusumilli is a Programmer at Excellus Blue Cross Blue Shield. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at

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