Payments Modernization Here’s how you can prepare your organization for the future of the digital payment

As per the KPMG report on Fintech India – Powering payments, digital payments are set to grow at a CAGR of 28.8% in developing Asian countries through 2024. In India, the reception of digital payments systems has been even more enthusiastic, with the Bank of International Settlements reporting that in 2018, India had seen a […]

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Modernizing the Payments System to make it Faster and more Secure

The past 5 years, India has seen a massive growth in digital transactions, incentivized by the rapid penetration of 4G mobile internet and the 2016 demonetization. Today, the digital transactions have become common place even for micro value transactions. A digital payments interface has the following four critical essential aspects: Security Scalability Resilience Integrability The […]

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Key capabilities every modern payment platform should support

It was until very recently, that handling payments was exclusively handled by financial institutions such as banks. Today, that no longer remains the case. Payment management is one of the areas which the proliferation of technology has had the greatest impact on. The Unified Payments Interface (UPI) created by the National Payments Corporation of India […]

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Repeated payments through electronic mandates

A good number of businesses have recurring receivables. A products company earns annual maintenance, which as the name suggests, accrues each year. Lenders get their principal and interest paid in a fortnightly or monthly repayment cycle. Insurance companies receive their premiums monthly, quarterly, half-yearly or annually. Utility companies like electricity or internet service providers have […]

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