Nearly Rs 250 Crores cashed out from J&K Bank Mpay yesterday: Reports

There were nearly 3 lakh transactions using J&K Banks mpay yesterday and it involved a whopping Rs 250 Crores.

Earlier, Reports received from across Jammu and Kashmir reveal that the application is down for the last many days. The snag is more noticeable as the customers out for shopping ahead of Eid were embarrassed at the payment counters and many had to leave shops empty-handed. The crisis coupled with the malfunctioning of several ATMs led to chaos and severe criticism of the bank and its claim of being innovative in digital banking.

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