Blogs

Blogs

Blogs

March 21, 2025

Role of NPCI In Transforming India’s Payment Landscape

n the bustling streets of India, a vegetable vendor effortlessly accepts digital payments from customers using their smartphones. This seamless transaction is a testament to the transformative power of the National Payments Corporation of India (NPCI), which has revolutionized the country's payment landscape

December 17, 2024

Understanding Credit Line on UPI

Managing payments shouldn’t feel like a juggling act. Yet, we’ve all been there switching between apps, scrambling for funds, or facing the embarrassment of insufficient balance at checkout.

November 13, 2024

Simplifying Financial Management: Introducing UPI Circle by NPCI

Managing personal finances in today’s fast-paced world can be overwhelming, with bills, expenses, and other commitments adding complexity. UPI Circle, an innovative tool launched by NPCI, simplifies financial management by allowing you to delegate payment responsibilities to trusted family members or friends.

October 10, 2024

An introduction to cross-border payments

The cross-border payments sector is on the brink of remarkable growth, with projections suggesting the value of these transactions will soar beyond $250 trillion by 2027. This explosive expansion highlights the crucial role that cross-border payments play in the global financial system.

September 25, 2024

Avoiding financial frauds this festive season

India’s festive season is here! It’s a time for joy and cherished moments with loved ones, but in today’s digital landscape, this period also attracts financial fraudsters eager to exploit our excitement.

September 11, 2024

A guide to payment compliance in India

India's digital payments landscape is not only rapidly expanding but also setting benchmarks globally. According to a report by the Reserve Bank of India (RBI), India accounts for nearly half of the world’s digital payments, holding a 48.5 percent share in global real-time payment volumes. This immense volume of transactions highlights the critical importance of adherence to payment compliance standards. For businesses operating within this space, ensuring compliance is not just a regulatory necessity but a key factor in maintaining operational integrity and fostering trust.

July 11, 2024

An introduction to UPI Lite X

Imagine finding yourself in a situation with no access to the internet and no cash on hand when you urgently need to make a payment. It could be while travelling in a remote area, inside a building with poor network reception, or during a crucial transaction where connectivity suddenly drops. In such critical moments, having the ability to make payments seamlessly, without relying on internet connectivity, becomes invaluable.

June 17, 2024

The role of AePS in driving financial empowerment

The transformative impact of digital payments in the last few years cannot be overstated. The rise of fintech firms, supported by digital payments infrastructure, has played a crucial role in bridging the gap by offering financial services in rural areas.

May 21, 2024

BBPS – Transforming Bill Payments in India

In a world where conventional methods of bill payment are usually associated with lengthy queues, paperwork, and complicated processes, the necessity for a streamlined and centralized system has become more apparent than ever.

April 23, 2024

Understanding the Latest UPI Innovations

In Today’s Time And Age, The Unified Payments Interface Has Emerged As A Game-Changer, Revolutionizing The Way Individuals And Businesses Transfer Funds In India. Launched In 2016, UPI Has Undergone Significant Advancements, With Its Latest Innovations Further Enhancing Its Efficiency, Security, And User Experience. In January 2024 Alone, UPI Reached A Record-High Value Of 18.41 Trillion! The Surge In These Transactions Indicates A Fundamental Transformation In Indian Digital Payment Methods.

December 1, 2023

Why You Should Choose Mobileware In Instant Payments Through UPI Switches

In today’s fast-paced economy, instant payments have become the lifeblood of financial transactions. Regarding reliability, speed, and trustworthiness, Mobileware’s UPI ....

November 17, 2023

Mobileware’s UPI Switch Technology: Pioneering The Future Of Digital Transactions

In an age where digital transactions have become an integral part of our daily lives, the role of technology and innovation in shaping the financial landscape cannot be overstated.

October 23, 2023

The Evolution Of UPI

In Today’s Fast-Paced Economy, Instant Payments Have Become The Lifeblood Of Financial Transactions. Regarding...

October 6, 2023

Comparing Digital Payment Platforms: Evaluating UPI, IMPS, And BBPS Solutions

India’s digital payment landscape has undergone a remarkable transformation in recent years, driven by the government’s vision of a cashless economy and the continuous evolution of the country’s digital public infrastructure (DPI)...

September 8, 2023

Decoding The Art Of Secure Transactions

In an age where digital transactions have become the norm, cybercriminals have become smarter and are constantly finding ways to exploit vulnerabilities and deceive both consumers and businesses...

May 1, 2023

Impact Of Dynamic QR On Digital Payments

In today’s fast-paced digital world, consumers and businesses alike are looking for fast, secure, and convenient ways to process transactions...

April 15, 2023

Evolution Of Account Aggregators In India

The Account Aggregator (AA) network, a system for exchanging financial data, was unveiled in India in 2021. It was designed to revolutionize lending and investing by giving millions...

March 31, 2023

e₹ vs. UPI

India’s digital payments landscape has undergone a significant transformation by introducing digital wallets, mobile banking apps, and the government-backed Unified Payments Interface (UPI)...

March 13, 2023

Understanding The Future Of The Credit Card

The future of credit cards is an exciting topic that is constantly evolving. With a shift in consumer preferences and new technology, the world is moving towards contactless payments...

January 5, 2023

How to make UPI payments without an internet connection

UPI payments have made online transactions hassle-free and have considerably reduced the issues related to carrying cash. However, some new problems have arisen. For example, have you ever been stuck in a place where you need to make a payment but you don’t have a proper internet connection? Sometimes the internet might not work at all. It can put you in a real fix, especially if you are used to not taking your wallet everywhere.

October 28, 2022

Understanding India’s Digital Payments Journey

From shopping, traveling, borrowing, or even reserving seats at your favorite restaurants, online payments have made lives easier. The robust fintech system of India has made the world our oyster, and digital payments continue to save us time and money. But where did it all begin for us?

September 19, 2022

What is UPI Global?

The Indian economy is fast embracing digitization. According to a recent report, in July 2022, India’s instant real-time payment system, the Unified Payments Interface (UPI), registered 6.28 billion transactions and is expected to reach $440.3 billion at a CAGR of 14.80% by 2032. The modern-age payment system enables users to send and receive payments instantly

September 9, 2022

A guide to Buy Now, Pay Later

Over the last few years, Buy Now Pay Later (BNPL) is steadily gaining popularity. Indian Buy Now Pay later market grew at a CAGR of ~321 % by Gross merchandise value (total value of the loans disbursed to consumers), during FY’19-FY’21. The popularity of BNPL grew during the pandemic when we saw a significant rise

August 8, 2022

Open Network for Digital Commerce – ONDC – an introduction

The fast-emerging digital economy has become a supporting pillar of India’s growth in recent times. At 87%, India hits the highest FinTech adoption rate in the world against the global average of 64%. Realizing that India is a prime destination for digital payments and activities, the Government of India launched Open Network for Digital Commerce

June 2, 2022

All you need to know about DigiSaathi

Time and again, the Indian government comes out with platforms and schemes to help the Indian customer with online payments. DigiSaathi is such an initiative that was introduced on March 8, 2022. The Reserve Bank of India (RBI) alongwith the National Payment Corporation of India (NPCI) launched DigiSaathi – which will help customers with digital

June 1, 2022

Understanding Neo-Banking

Neo-banks are online-only fintech companies without physical branches. They are digital banks. How are they different from traditional banks? Neo-banks are revolutionizing the traditional banking system by leveraging artificial intelligence (AI) and technology. They offer personalised services to customers. Traditional banks have a physical and maybe a digital presence while neo-banks, led by a design

May 27, 2022

Why is API banking fintech’s next big bet

Today, the fintech industry is continuously disrupting the financial services ecosystem. They are enabling the use of automation to deliver an enhanced customer experience. One such example is API banking. APIs help banks in increasing customer satisfaction, meet the ever-changing needs of customers and provide secure banking solutions. Banking, as a concept, has been around

May 27, 2022

Role of Fintech in Financial Inclusion

Financial inclusion means facilitating access to financial products and services to the entire population irrespective of economic and geographic conditions. Accessibility has been an issue in the formal financial system since its inception. However, recent advancements in technology have allowed fintech companies to positively impact the financial service through inclusion. While 20% of the Indian

May 11, 2022

NEFT vs. IMPS vs. UPI

Technology has revolutionized the banking sector and made the transfer of funds from one account to another incredibly easy. In India, there are different ways of sending money online – RTGS, NEFT, IMPS and UPI. In this article, we will compare and contrast the basics of IMPS, NEFT and UPI. We will also discuss which

March 21, 2022

Mobile Banking

Mobile Banking is essentially having a bank in your pocket at all times. All you need is a smartphone and a banking app that can help take care of all bank related activities. The global mobile banking market was valued at $715.3 million in 2018 and is expected to reach $1,824.7 million by 2026, registering

January 4, 2022

e-RUPI

The basics of e-RUPI Contactless and cashless digital payment solution – e-RUPI – was launched on 2nd August 2021, under the ‘Digital India’ initiative. The National Payments Corporation of India (NPCI), developed this solution in association with the Department of Financial Services, the Ministry of Health and Welfare, and the National Health Authority.

October 4, 2021

New Umbrella Entity (NUE)

The NPCI has been promoting and managing digital transaction platforms in India since 2008 and is backed by more than 50 retail banks. They have, over the years, introduced payment channels like RuPay, Bharat Bill Pay, IMPS, and many others. However, due to the exponential rise in internet traffic and subsequently, frauds and cyberattacks

August 9, 2021

TransXT: everything you need to know

Creating financial consumer products is complicated, expensive, and time-consuming. Connecting with banks, designing a solution, and meeting regulatory requirements ends up affecting time-to-market. This also delays the monetization of the bank’s infrastructure. Here’s where TransXT comes into the picture. Bank-in-a-Box: TransXT is a simple, instant, secure, and scalable platform that elevates the process of transacting

April 19, 2021

An Introduction to Open Banking

Open Banking has revolutionized the FinTech world with a new perspective. Its capabilities extend beyond the digital payments as innovations reveal a quicker way to do things and features that go beyond mere convenience for the customers. Open banking brings the best of both worlds and was initially conceptualized as an outbound trade service that

April 19, 2021

5 Reasons Why API Integration Is a Must For Digital Banking Growth

Over the last few years, the way banks function has changed drastically. The digital revolution in the financial industry is here and banks have to modernize themselves to stay competitive, irrespective of size. In addition to this, customers today expect more from their banks and are more digitally savvy. They prefer interacting with banks and

April 19, 2021

The Value That Open Banking Brings to End-Users

The first wire transfer of funds happened in 1872. Since then, so much has changed – the world adopted ATMs, telephone banking, internet banking, contactless payments, mobile banking, and so much more. And today, we are further making way for a newfangled approach by way of human-centered banking: open banking. Open banking is a part

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