Going by the dynamic demands of the market, 2019 stands poised as a crucial year for the adoption of instant payments on a global scale.
ASBA is an acronym for Application Supported by Blocked Amount. It is an application that authorizes to block the application money in the investor bank account. The money is debited upon allotment of shares through IPO. ASBA Forms are available at all Self certified Syndicate Banks (SCSB). Investor fills in details like name of the […]
Application supported by blocked amounts or as it is popularly known, ASBA is one among the game changers in Indian Financial history. In the early 1990’s, Indians increasingly became more visible in the stock markets after the liberalization. But applying for an IPO was a very intimidating process. Investors paid a fixed amount through cheques […]
Just a year back, a simple housing loan meant a day spent with eagle-eyed banking officials scrutinizing sheaves of important papers. The similar story would be repeated for other repetitive payments like school fees, insurance premiums, credit card bills and more. Well, non-payment of electric bills or school fees may result in a night in […]
In the last six months, a series of events like the bitcoin surge, movement to Real Time Payments and Open Banking overtures through PSD2 has brought a new alignment of financial forces. Disruptions like IoT, mobile technology and deeper in-roads of smartphones has further skyrocketed customer expectations. Many millennials are expecting their banking experience be […]
Digitalization of payments has emerged as a transformative force for small and medium entrepreneurs in India. In 2016, India launched its Unified Payment Interface which allowed seamless instantaneous money transfers across banks on its network. Savvy banking institutions developed their own Apps on the UPI infrastructure to improve their customer reach and experience. So, for […]