HDFC Bank leads digital banking services in Goa
Recognizing that digital and mobile banking is the way forward, India’s second largest private lender, HDFC bank has taken the lead in offering online and mobile banking services in Goa. The bank, which already leads in the e-commerce market has launched initiatives such as mobile wallet, 10-second loans, loans against shares and online transactions. HDFC Bank is already a market leader in e-commerce with almost 45% of the ecommerce transactions being done using HDFC cards, market data shows. Mobile payments in the country is expected to grow 200 times in seven years to over $3,000 billion and will benefit IT, telecom, banking and mobile wallet companies, as per a Bank Of America Merrill Lynch report.