Canara Bank has launched two digital products i.e. ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System, an integrated bill payment system for Net banking customers.
The Finance Ministry’s Department of Financial Services has been propagating that banks need to achieve 25 billion digital transactions by March 31, 2018 and has also allocated targets to all the banks.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
