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 […]
Re-thinking Payments in the wake of the pandemic
Data reveals that although the credit cards market leads the show, the growing demand for mobile wallets is likely to enter the fray. Surprisingly, the user base aren’t only the millennials or the Gen Y. With the pandemic spreading its wings, contactless payments have become the new normal. As first-time users for contactless payments keep […]
Social media payments, a friend or foe?
Social media, like any other innovation, is likely to go through a refinement period, which seems like a never-ending process of updates and improvements. Despite its substantial list of pros and cons, social media sites and apps have been here for more than a decade and their footprints are both profound and undeniable in today’s […]
The global acquiring landscape redefined
Fintech start-ups are known for being agile and efficient and they now have their eyes on the banks’ revenue sweet spot. These new entrants, have a well-established online presence, they are targeting merchant services and managing to hold on to them through mobile access.To stave off this threat, banks need to work with merchants to […]
