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Anonymous

Hey I am on Medial • 4d

Please Medial family Fill the form below about digital banking penetration in the Indian economy https://forms.gle/ijUBNapH5cvMECiC6

Anonymous 1

Hey I am on Medial • 4d

1. You don't have ask about interface and cashback, because those both are the only thing people see rather than other options. 2.Indjan digital banking is more secure than western countries but inconvenient to use. 3.India is already a fully digital

Havish Gupta

Figuring Out • 4d

1. Yes we do have to ask about that. I won't consider using shaddy site just because it has good ui and offers cashback. 2. Wdym by Indian Digital Banking is inconvenient to use? Infact India has one of the best online payment system in the world.

Anonymous 1

Hey I am on Medial • 4d

1. In the options given he/she no where mentioned about shaddy site ? And in site you can't get a payment like UPI done, UPI has certain sets of rules and regulations to be followed in consideration of not allowing companies to use "Shaddy" techniques in UPI payment processing. 2. Use the one's which are better, then you will know. Have you ever used Indian NetBanking portals ? They seem old, traditional websites. Try using Chase, Wells Fargo, BOA, Swedbank online banking portals you will know how much better they are :) 3. India is a digital banking economy, 95% transactions are processed digitally in India. You can check it on PIB reports issued by DII - Digita infrastructure of India.

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Havish Gupta

Figuring Out • 4d

1. He did mention 'security' and 'customer service' which indirectly hints to a shaddy websites. Also it's not just about private companies, if you also talk about some government bank's website, I can never be sure that it would process my payment and talking to anyone if there's an issue would be a complete torture. 2. Yupp, I completely agree that most of our bank's website are terrific. The ui is not changed since the beginning and it's over all a terrible experience compared to the sites of international banks like HSBC, SC, Amex along with the banks you listed. Tho, that doesn't prove them better. Even with a better ui-ux, bank to bank transfers take 1-3 days (not minutes), there's no easy way to make instant p2p payments directly from your bank to someone else's and there are charges everywhere (ok, we can ignore that). In India, you can do almost any of those payments almost instantly directly from your bank ac to someone else's. That's why even Google had written letter to the some us ministry requesting them to introduce something like UPI in the us too because of it's convience. 3. Bro, your data is slightly off. That 95% number only applies to online banking transactions..not the overall all payments where Cash still dominates. The same report also reveals that as of 2023, only 40% of the overall transactions made were online (rest were cash). Compare this with country like China where 95% of the total payments are made online and where cash is considered old school.

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