India

Southern states outshine rest of India in mobile banking adoption, says report

Southern states are outshining the rest of India in mobile banking adoption in savings accounts, according to a report by The Boston Consulting Group (BCG).

As per the report, in terms of accounts with at least one financial transaction on mobile banking in the last six months of FY18, as a percentage of total active savings bank accounts (FY18) - Telangana is at 10%, Andhra Pradesh at 6.30%, Karnataka at 5.50%, Puducherry at 5.80%, Tamil Nadu at 5% and Kerala at 4.70%. The India average is 3.40%.

READ THE ARTICLE by the HINDU