IDFC FIRST Bank Merger Performance and Strategy Update
Our Digital Initiatives
Significant traction on electronic platforms
RTGS & NEFT
payments through CMS
solutions up by 27% YoY (vol.)
FASISQ
95%
Of the overall
transactions are
digital
3
ום
Ranked 3rd
Bharat Bill Payment
System (BBPS): amongst
30 biller operating units
UPI Transactions: Growth of
~104% over the last year and
by ~15% over the last quarter
14.1 mn+
FASTag issued since
launch
Credit Card Spends:
Growth of 72% YoY
1.7 mn+
Credit cards issued since
launch in January 2021
POS Transactions (Q1FY24):
(Vol): 62% growth YoY
(Value): 49% growth YoY
Section 4: Products and Services
•
IDFC FIRST Bank has been
chosen as one of the first 8 Bank
to conduct pilot of Central Bank
Digital Current (CBDC).
The Bank has already recorded
many Retail & Wholesale
transactions through CBDC.
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