Unveiling the Potential of Credit Cards on UPI: Redefining Convenience and Reach
Home / Blogs Table of contents Introduction How Credit Cards and UPI Work Together The Impact: Making Payments Accessible to All How Credit Cards on UPI are Changing the Game Focus on User Experience Conclusion In the fast-changing world of digital payments, a novel payment method – Credit Card on UPI (Unified Payments […]
Secured Credit Cards – A Credit Score Builder Product
Home / Blogs Table of contents Introduction Growth of Credit Cards Strategies issuers use Conclusion Over the past few years, India’s credit card sector has experienced remarkable growth, boasting nearly 98 million active cards and transaction volume reaching 323 Million in December 2023. Projections suggest that this figure could grow to 190 million cards by […]
The role of API-led technology in modernizing the BFSI industry
Technology in finance has been around for more than half a century. With the turn of the century, it became even more critical as a key differentiator, moving up from a mere enabler. However, many financial services firms continue to struggle with their legacy tech and the need to stay relevant, mainly due to the […]
Payroll Cards – Payouts made simpler and seamless
Picture this scenario – a collections agency appointed by a lender has hired 1000+ feet-on-street (FOS) workforce to facilitate collections from delinquent customers. The dilemma in front of the agency is that almost 60% of these FOS contract workers don’t have a formal savings bank account. How do you manage to pay their salaries? In […]
Banking as a Service (BaaS) – Entering into a New Era of Financial Ecosystem
From the past few years, there has been an increase in the number of sectors like Travel, Retail, SAAS, etc expanding themselves into financial services. Well, Banking and Fintech is a collaboration that is still very new in the Indian economy. The new normal has definitely shaken up the world and it has impacted […]
What are the new RBI norms with regard to recurring card payments? – All you need to know
Have you recently started receiving mails/SMS from various banks and service providers asking to re-register your e-mandates for automated payments such as OTT, newspaper subscriptions, etc?. This is because of the new RBI guidelines with regard to recurring transactions, coming into force from October 1, 2021. What are these new RBI norms? In […]
Introduction of Blockchain in Fintech
Fintech being a leading light of the startup ecosystem over the years, has played crucial roles in development of the financial services industry. Strong ecosystem level changes are opening up opportunities for new business models. Introduction of blockchain technology in this evolving sector has a considerable impact and advantage. Blockchain technology is a “chain […]
OPEN BANKING- Is India ready to enter banking 2.0?
What is open banking? Open banking is nothing but a payment system that works on an application programming interface (API). Let’s understand it better with the help of an example. In India, how long does it take to open a new bank account? How many times do you need to verify your documents? […]
NFC: What is it?
Ever wondered what happens in the background when you say my card has a“Tap & Pay” feature? It’s because of a technology called NFC or Near Field Communication. NFC or Near Field Communication is a contactless communication technology based on a radio frequency (RF) field using a base frequency of 13.56 MHz NFC technology […]
Fintech APIs are changing the landscape of financial services
Home / Blogs Table of contents Introduction What is an API and how does it work Digitalisation Benefits of Fintech APIs Strategic Importance for Issuer Banks Conclusion Over the past decade, technology has shown tremendous impact in many industries. With the change of customer behaviour and the emergence of regulatory compliances, the landscape of the […]
