Digital transactions
Digital payment poster boys like Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Toll Collections (NETC), and Bharat Bill Payment System (BBPS) reported record plunge in volumes and values in April 2020. Aadhar enabled Payment System (AePS) is the only channel that recorded increased transactions on the back
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The biggest casualty of COVID-19 Pandemic is the discretionary spending. Either people do not have the liquidity to spend, or they are conserving cash for the rainy days. COVID is terrible news for the fintech ecosystem. The sector already had functional troubles like narrow margins, high customer acquisition costs, and
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APIs are driving the financial services industry today. The financial services industry embraced online banking; however, the pace of digital innovation has been sluggish till now. APIs are helping the financial space drive up the pace of innovation. Some of the critical functions that APIs help perform: Make siloed systems
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We live in the age of ‘Insta-Everything,’ and the payments industry has responded well with real-time payments using platforms like the Unified Payment Interface (UPI). UPI has simplified and democratized payments to such an extent that there is no friction in anyone entering the digital payments space. Organizations can quickly
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Android POS tablets
The most significant advantage of using Android POS Tablet is that it can be used in-store as well as on the go. While in-store capability is a given, it is perfectly suitable for retailers to sell on the go. Take your store to trade shows, pop-up stores, or even use
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The payment industry is currently going through tectonic shifts, and innovation is happening rapidly, with most countries boasting of real-time payment systems. It helps reduce cash flow pains by allowing merchants to receive their revenues quickly. How do merchants, businesses, and consumers leverage real-time payment systems? It is through the
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Android POS
The mobile POS (mPOS) systems have gained a lot of traction in the last few years in the Indian market. The eCommerce platforms initially used it for the collection of payments while delivering goods. How does it work? Any smartphone or tablet can act as an mPOS machine by downloading
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Secure Remote Commerce (SRC) is gaining a lot of traction, and there is a lot written about it in various channels. Industry heavyweights back it and almost all the payment schemes have lined up their SRC strategy. Some of them have already started rolling out SRC payments, and some are
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451 Research’s Global Unified Commerce Forecast, projects online retail sales to expand to $5.8 trillion by 2022. With this growth at the backdrop, let us explore the ease with which digital commerce happens, especially the checkout experience. Most often than not, the options provided can make it confusing for the
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7 out of 10 people visiting your E-commerce site or app will not buy your products This is true irrespective of the industry and the markets that you address. Isn’t it a scary proposition to lose so many of your visitors? You’re spending time and effort in getting the perfect
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