Page 2 - Tech Disruption News Today

The rating firm said COVID-19 restrictions have been a boost for Indias major digital payment system Unified Payment Interface (UPI).

‘Top-tier banks well-placed to deal with tech disruptions’ January 18, 2021 × But banks’ low profitability and weak asset quality present difficulties in boosting digitalisation, says S&P Global Digital disruption poses a relatively low risk to India’s top-tier banks’ long-standing market position, according to S&P Global Ratings. “We believe India’s top-tier private-sector banks and State Bank of India (SBI) are well-placed to deal with tech disruptions, given their dominant ma...

Top-tier Indian banks lead digital change: S&P ANI | Updated: Jan 18, 2021 17:54 IST In a report titled Tech Disruption in Retail Banking, it said COVID-19 restrictions have been a boost for Unified Payment Interface (UPI). The value of transactions processed via the UPI almost doubled in June to November 2020 from the same period a year ago. "We expect this shift in consumer preferences to remain. Rising smartphone penetration, increasing internet connecti...

S&P Global Ratings on Monday said India's banking system's low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned and smaller private-sector banks.