MeitY ranks HDFC Bank, FINO and Paytm Payments Bank as top banks for July-02.10.2019

The Ministry of Electronics and Information Technology (MeitY) has ranked HDFC Bank, FINO Payments Bank and Paytm Payments Bank (PPB) as the top three banks in the month of July, based on their performance to drive digital payment transactions.

The scores are based on the performance of the banks against targets assigned to them which includes – total digital transactions achieved, merchant deployment, active merchants, as well as, successful UPI and AePS transactions.

Based on the digital transactions achieved, HDFC Bank achieved 110 percent of the target assigned to it, with an overall score of 71. While FINO Payments Bank scored 70 by achieving 196 percent of its target, PPB was given a score of 69 and achieved 102 percent of the target

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Source: You Story