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, […]
The Futuristic Payment Solution – E-RUPI
Taking a step forward towards digitalized payment system, PM Modi launched the much-awaited e-RUPI payment solution on 2nd Aug. Contactless and cashless, the one-time payment system is designed to send government monetary benefits directly to the beneficiaries. The flexible framework is also good enough to be utilized by corporate and PSU’s for their relevant use […]
E-wallets – A Consistently Popular Choice for Payment Solution for Businesses
The surge in mobile app technologies and easy availability of smart devices have disrupted the way people conduct payment transactions. The development of payment gateway solutions and exponential growth of the cashless industry in the past few years are the key derivatives of this technology penetration. Offering benefits of convenience and speedy transactions, the digitalized […]
Discovering Ways to Enhance Customer Experience with Payment Gateway
A rapid shift in the Digital Adoption by consumers for Merchant Payments augurs well for the Digital Payment ecosystem at large. While the behavioral shift could be attributed to the current situation and to the influence of millennials and Gen-Zs, the success behind every digital adoption lies with the user experience that includes convenience and […]
How Mindgate’s QR Code Payment System Is Giving More Power To The Fintech Industry
The pandemic has brought us into a situation where social distancing is the key to staying healthy. In times like these, it is very important to avoid contact and thus has accelerated the rise of digital payments everywhere. With the penetration of smartphones and super-speed internet connectivity, the Reserve Bank of India has started promoting […]