Transaction cost can be 50% down for Indian Banks

reduced transaction cost
source via:- google search, business news, transaction cost can be reduced to 50 percent if Indian banks make an effort towards digitization  
Banks in India can reduce costs by up to 50% per transaction in the next few years by redesigning their processes and systems for the digital age, structurally changing their cost base and instituting more aggressive cost management processes, says a report.


Moving towards digitalization can reduce more cost for everyone because traditional branch banking involves huge costs.


Smart devices will grow in importance and take their place alongside cards (debit/ credit/ATM) as the primary medium for consumer payment which will continue to remain popular, as they are quick and effective.
Transaction cost can be 50% down for Indian Banks Transaction cost can be 50% down for Indian Banks Reviewed by OnlyHeadlines Senior Writer on Friday, April 01, 2016 Rating: 5

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