what happens to banking industry if there is no internet?
Thursday, March 11th, 2010
at
7:16 am
KALI asked:
effects to banking industry if there is no internet facility
effects to banking industry if there is no internet facility
Tagged with: Banking Industry • Internet Banking • Internet Effects
Filed under: Online Banking
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A substantial segment of business will collapse. But banks will not come to a stand still. In India, internet banking does not amount to more than 10% of the total number of transactions. If ATM segment collapses, the impact will be much more significant. Since the question is asked in yahoo.co.in, I have confined my reply to India.