Voice-Powered Payments: India’s Path to Financial Empowerment
Artificial Intelligence (AI) is re-envisioning India’s financial services, with over 83% of Financial Service Providers (FSPs) adopting it to enhance and modernise their offerings. The “Conversational Payments on UPI,” supported by the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI), is at the forefront of this transformation. This system uses […]
How Central Bank Digital Currency (CBDC) is Reshaping Digital Payments in the Fintech Sector?
How CBDCs are Reshaping Digital Payments in the Fintech Sector Central banks are key to our financial system. Historically, they’ve ensured quick, stable, and smooth financial operations, handling payment systems and currency issuance. But they’re updating their roles with new technology and global economic shifts. Enter central bank digital currencies (CBDCs), a game-changer led by […]
Introducing XPRESS UPI: One-Click Payment Experience
Life happens in the fast lane. Then why should our payment modes slow us down? As the need for speed and simplicity grows, we need solutions that simplify the multiple steps of online payments and get the job done quicker! With this in mind, we’ve developed XPRESS UPI, an intuitive one-step payment solution that allows […]
Empowering Transactions: The UPI Revolution and its Game-Changing Impact on Credit
In an era of digital transformation, the payment industry is undergoing a revolutionary change with RuPAY credit card linkage to the Unified Payments Interface (UPI) and access to pre-sanctioned credit lines on UPI platforms. This dynamic shift is not only redefining how we make payments but also reshaping the relationships between banks, merchants, and customers. […]
Scope of Real-time Payments in the Payment Landscape of the Middle East
Financial services and capital markets are undergoing a profound transformation across the world. Although technological disruptions are creating greater opportunities for banks and financial institutions, the emerging challenges such as growing credit risks, higher customer attrition, etc., continue to be bothersome. To highlight how the financial services sector in the Middle East can gear up […]
Mindgate Proves Its Mantle Again–Bags the Best Open Banking & API Solutions Provider at 2022 MEA Finance Banking Technology Summit & Awards
Mindgate, a leader in digital payment solutions won the prestigious award Best Open Banking & API Solutions Provider at the 2022 MEA Finance Banking Technology Summit & Awards. The honour is an acknowledgement of the significant contribution Mindgate has been making toward revolutionizing the digital payments ecosystem in the Middle East and African regions. Clinching the title […]
UPI Lite – An Initiative towards De-cluttering the e-payment Congestion
Four of the seven banks that were part of the recent UPI Lite launch by RBI & NPCI use Mindgate as their UPI Platform. The growth of the digital payments industry in India has been commendable. Various digital products and emerging use cases such as UPI solutions, NETC Fastag, digital wallets, etc., continue to make […]
Tracking The Growth Path Of Digital Payments In India
In the past few years, a considerable growth in digital payments in India has been observed. Despite the crippling effect of the COVID-19 pandemic, a staggering figure of 38.8bn real time digital transactions (UPI) were recorded in 2021 alone, which is up from 18.8 bn in 2020 (https://www.npci.org.in/what-we-do/upi/product-statistics) The spike in digital payments can be […]
Payment 2025 – Charting a New Era of Digital Payment Infrastructure!
Digital Payment Trends- Global Perspective It’s intriguing to watch out how the fast-expanding payment markets are breaking all the barriers to the cashless economy. With more and more super apps entering the market like WeChat, Apple Pay, and more, digital payments have become the epicenter of day-to-day activities in most economies. This especially holds true for […]
Changing Landscape of Reconciliation
Managing high volumes of transactions and adapting to new payment mechanisms across expanding field of touch points (credit, debit, cash, online etc) are challenges that most businesses find difficult to cope with. As the digital and real-time payment ecosystem continues to innovate and grow its relevance, the need for a robust and flexible reconciliation system, […]
