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Explain any three features of Digital Banking. - Commerce

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प्रश्न

Explain any three features of Digital Banking.

स्पष्ट कीजिए
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उत्तर

Digital banking is the automation of traditional banking services through a digital platform.

Features of Digital Banking:

  • Digitally enabled banks allow the users to access their services 24 × 7.
  • The growth of digital banking has established a new dimension to banking services. It has led to the introduction of new banking services such as UPI, e-wallets, etc.
  • It has promoted contactless and cashless payment.
  • It has made the transaction swifter, especially in times of pandemic.
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