City Union Bank Wins Digital Payments Award from Finance Minister

City Union Bank received the Digital Payments Award from Union Finance Minister Nirmala Sitharaman for its overall digital payment performance during FY24-25. The award was given by the Department of Financial Services to recognize innovative and exemplary works in promoting digital payments. CUB's MD and CEO, N. Kamakodi, accepted the award at an event in New Delhi.

City Union Bank (CUB) has been recognized for its outstanding performance in digital payments, receiving the Digital Payments Award from Union Finance Minister Nirmala Sitharaman. The award, presented by the Department of Financial Services, honors innovative and exemplary works in promoting digital payments.

The award was given to CUB during the Digital Payments Awards 2025 held in New Delhi. CUB's Managing Director and CEO, N. Kamakodi, accepted the award on behalf of the bank. The recognition underscores CUB's significant contributions to the digital transformation of the financial sector.

Union Finance Minister Nirmala Sitharaman emphasized the importance of leveraging technology to enhance financial services while maintaining a physical presence to build trust. She highlighted the global success of UPI-based payments, which are now accepted in seven countries, including France, the UAE, and Singapore [2].

The Digital Payments Awards 2025 celebrated the achievements of banks and fintech companies that have significantly impacted India's digital payments landscape. The event was part of a broader initiative to promote financial inclusion and innovation.

CUB's recognition comes at a time when the government is committed to fostering an inclusive fintech ecosystem. The award reflects CUB's dedication to digital innovation and its role in driving growth and financial inclusion in the country.

References:
[1] https://economictimes.indiatimes.com/news/india/finance-minister-nirmala-sitharaman-inaugurates-developmental-projects-in-ladakh/articleshow/121861157.cms
[2] https://www.business-standard.com/finance/news/nirmala-sitharaman-digital-payments-awards-2025-fintech-phygital-125061801362_1.html
[3] https://www.facebook.com/DFSGOI/posts/just-1-day-to-gotomorrow-witness-the-recognition-of-excellence-at-the-digital-pa/1127549639417024/