ICICI Bank Analyst Meet Takeaways - Leadership Position In Digital Payment Offerings: Systematix
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
ICICI Bank Ltd.’s management expects the world and India’s digital payment ecosystem to enlarge to Rs 8.4 trillion and Rs 1.0 trillion, respectively, by 2023 (from Rs 6.7 trillion and Rs 0.4 trillion in 2021).
In India, the large data repository in the form of 1.17 billion individual phone numbers, 417 million Jan-Dhan accounts and 1.28 billion Aadhar enrolments with mobile, internet and Aadhar penetration at 79%, 45% and 95%, respectively, would collectively act as enablers and help the banking system in identifying prospective and potential business.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.