Digital Banking refers to the delivery of banking services through digital platforms like mobile apps, websites, and online systems without visiting a physical branch.
Digital Banking allows customers to perform banking activities anytime and anywhere using the internet. It includes services like fund transfers, bill payments, account management, and loan applications through digital channels.
In India, digital banking is regulated by the Reserve Bank of India and supported by systems like UPI and net banking.
"Using a mobile banking app to transfer money via UPI or pay bills online is an example of digital banking."