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Brilliant collabrative move from BoB.

Ofcourse, there are many such initiatives started by Private bank such as YES Bank as well as PSU Giant SBI tie up with Reliance Jio for FinTech and Payments Bank tie up are collabrative actions started.

Globally such actions need to be noticed as traditional banks need not poise threat from FinTech but rather collabrate to bring more innovative products and services for society.

It seems too early to leverage and take position.

Based on Today's Mrs May and Mrs Markel's statement, it seems EU as well as UK needs each other after the long Two year seperation process. Question is if roll back happens does it mean hikes in rates :)

Mr Conrade, how you are ensuring that, those 1,00,000 customers will not become just a number as you tried to solve the problem with same old method of issuing card for cross border payments using VISA?

If transaction is declined from merchant in some corner of Taiwan or Indonesia, what is so unique to help cusotmer?

Your model works on service fee model to sustain as you do not believe in credits and lending ("Debt is not good " is a good advice but, real world is different).

"In-Sufficient Transaction volumes" needs more details for root cause. There can be many common reasons which can be extracted from more detailsas it can be - lack of no of merchants, customers does not see any incentives, banks and Telco communicated ..and more.

Ofcourse, I agree with @Ketharaman to bring more range in waller services. Thanks for inspiring article with several take aways.

“Almost all our clients are Facebook users solving their business issues, finding business partners and even conducting transactions through this social network,"  Shows that, Bank's business and IT team aligned towards opportunity of bringing sensible value for social media interactions and customer services. 

It looks like Pentalty Shoot of Football game where Goalkeeper remains MasterCard and U retailers started calling shoots.

Welcome to the world of Cyber crime. Several warnings provided on such attacks were published by most of IT security research companies and regret that, no preventive actions taken.

This attacks went un-noticed from most of the risk and fraud management system because its not using common modus operandi of skimming cards, man in middle but, after injecting melware, it can be activated by just special card or code sequence on PIN PAD.

Thanks Paul for making brilliant insight about IoT and Payment Industry standards relvence. Sure Banks can enable payments in SmartCity if take care of legal aspects.

Thanks for sensible transformation ofcourse, job cut gives gloomy feeling for the employees but, reinforcing role of branch in future well appriciated. 

Hope such intiative goes beyond Pilot into real time practice - Save Money , Leverage Collabration with Office 365 ofcourse it looks like Microsoft marketing team has done good sale :)