Around 89 villages have been adopted by the Mumbai state-run, Bank of India in the 49 zones it has branches for digitization.
The bank said in a statement, that it has installed about 227 point of sale (POS) machines in these villages. Additionally, it has also set each of its 54 zones, a target a converting a minimum five villages into digital villages by September 2017.
The bank’s Managing Director and CEO Melwyn Rego said, “We have asked all our zonal offices to educate customers about various cards and to impart practical uses to ensure that customers are comfortable using them and to create awareness on the benefits of cashless banking transaction.”
As on January 31 2017, the Bank of India has a total network of 5,100 branches, of which 2,000 branches are in rural areas.