Role of Digitalization of Banking Operation Issue for Military Organisations: An Analytical Study

Abstract

Digitalization plays an immensely significant role in the operations of military institutions. The utilization of electronic fund transfers and online banking platforms empowers military personnel to efficiently receive their salaries and allowances, even when stationed in remote and inaccessible locations. This not only contributes to their financial stability but also boosts morale within the ranks. Digitalization plays a critical role in expense management and budgeting. Military institutions can optimize their processes by embracing digital platforms, thereby automating expense tracking, and eliminating manual procedures that are susceptible to errors.