Panaji, November 11: The Goa State Co-operative Bank Ltd. has introduced its Transactional Mobile Banking Application, marking another step towards strengthening digital banking services in Goa’s cooperative banking sector.

Chief Minister Dr Pramod Sawant met representatives of the bank on the occasion of the application’s introduction, in the presence of Cooperation Minister Subhash Shirodkar.

The new application offers customers a range of banking facilities, including fund transfers through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS), intra-bank transfers, balance enquiries, account statements and ATM/Debit Card-related services.

The initiative is aimed at making essential banking services more convenient and accessible, allowing customers to carry out routine banking transactions through their mobile phones.

Chief Minister Sawant appreciated the bank’s efforts to embrace digital technology and improve customer services. He said such initiatives would contribute significantly to modernising Goa’s cooperative banking sector while addressing the evolving banking needs of the people.

The introduction of mobile banking facilities is expected to benefit the bank’s customers by reducing their dependence on physical branch visits for routine transactions and providing easier access to banking services.

The initiative also reflects the growing emphasis on digital transformation within Goa’s cooperative banking institutions.