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. One of the most innovative solutions to emerge in recent years is dynamic QR code payments.  Dynamic QR code payments allow customers to make payments quickly and easily using their smartphones, without the need for […]

Read More

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 of consumers greater access to and control over their financial records as well as expanding the potential market for lenders and fintech companies.  According to Invest India, […]

Read More

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). According to a research paper published in the Reserve Bank of India’s Bulletin, the digital economy in India is growing 2.4 times faster than the overall economic growth due to the strong […]

Read More

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. Consumers can tap their phones and make payments and not carry a physical credit card. This has made transacting incredibly convenient.  Trends in India are reflective […]

Read More

How to make UPI payments without an internet connection

With the advent of UPI apps such as Google Pay, PayTM, PhonePe and others, some people have stopped carrying cash altogether. From the stores in malls to your autorickshaw ride, almost everybody accepts UPI payments nowadays.  UPI payments have made online transactions hassle-free and have considerably reduced the issues related to carrying cash. However, some […]

Read More

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?  The journey so far Following the withdrawal […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More