Increasing products sales is the cornerstone of every retail store owner or business enterprise. Excellent customer service, ensuring impeccable product quality, knowing your customer’s needs, keeping track of your inventory, employee customer service etiquette, play an essential role in improving your overall sales and the bottom lines of your business.  Now, as a retailer or a business owner you may […]

The recent times have seen a considerable increase in the number of consumers opting for digital payment over cash. Although statistics show huge numbers of card payment consumers, there is always an undertone of confusion if we should pay using the cash or card? There are many benefits of using card payment like easy access to money, tracking of your […]

Micro Small and Medium Enterprises, also known as MSME play a central role in the country’s economy. MSME creates a lot of jobs, drives innovation and acts as an incubator for tomorrow’s multinational corporations. MSMEs contribute to almost 45% of India GDP. But are suffering because of supply and demand issues and are quickly losing their small reserves and cannot […]

Consumer is the king. Hence most companies are introducing new options on payment terms for the consumer. As the title indicates, consumer has the flexibility option of buying anything now and paying it later. How does this work? Usually one buy items through a credit card and pay them within a given period of time. But with this new option […]

There has always been a steady growth in people opting for the digital payment methods because of multiple advantages that trail with it. But it is true to say that with the current COVID-19 crisis and lockdown situation, people switching to contactless payments methods have peeked in the last few months. Many small businesses and pushcart vendors have also started […]

With the Covid-19 pandemic crisis continuing unabated since January of this year, no one seems to have a clue as to how and well this existential crisis will end. While an unprecedented lockdown, may offer a temporary panacea of sorts in keeping the pandemic numbers from spiking, it may not be the best solution in the long run. With livelihoods […]

Waiting at Toll plazas requires a great deal of patience especially while on a long holiday drive. But not any longer.  FASTags have made crossing toll’s plaza easier and less time consuming, allowing drivers to continue driving without having to wait in queue. FASTag uses  the technique of a reloadable tag which uses Radio Frequency Identification (RFID) technology to enable […]

Riding on the growth trajectory of digital payments, India has been moving rapidly towards a  cashless country. The nation is forecasted to see the fastest growth in digital payments transaction value between 2019 and 2023, with a CAGR of 20.2 per cent, ahead of China and the United States. The conducive environment contributed by  technological advancements, evolving consumer expectations, and […]

It is an undeniable fact that SMEs are making a significant change, taking the economy by storm. So how are these rapidly expanding markets tackling these exponential growth rates? The answer is mobile technology!  Mobile technology has been able to facilitate business by being more accessible to the average user,and which in turn opens the door to a wide variety […]

Entrepreneurs are characterised with a capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit. In the internet age of things, how do entrepreneurs stay ahead of the competition? Using the latest technologies such as an mPoS system, entrepreneurs can harness all the benefits an mPoS has to offer […]

From a Kirana shop, to retail store, technology has made it’s way into most forms of businesses. This has made conducting business, easier and seamless. Despite this, there are business that have remained cash-only even in this modern-era. If you are one among them, it might be the right time to change because accepting cash might just be more expensive […]

Have you ever wondered how restaurants stay on top of the food chain amongst the many competitors out there? WHAT IS A POS? POS stands for Point Of Sale, a device that can be used throughout different businesses and retail industries. This computerized system allows business owners to track sales, cash flow, and in the case of restaurants, food inventory. […]

For those of you who are yet to make the decision to move to digital based solutions in your business, it’s time to ask yourself a few questions. How are you managing your in-store processes like tracking sales,processing finances, managing inventory and reporting the performance of your business?  A digital POS Stands for a Digital ‘Point of Sale’ device that […]

In today’s digital age, it is becoming increasingly simple for anyone to buy anything, from anywhere. One of the most common ways to pay without cash is to use an MPoS. An MPoS (mobile-point-of-sale) is basically any digital tablet, phone or wireless device that acts as a portable wireless cash register.  Over the last few years, these devices have become […]

Kirana shops are widely spread around the country and can be found in almost every street corner that we turn into. They have a set of loyal customer base and continue to innovate their business operations in small ways possible. They are often seen with only cash mode of payment and here is why it’s time Kirana shops move over […]

With every bank upgrading cards to chip cards, there exists a lot of misconceptions about the same and here we are about to debunk some of the common myths.This change has been mainly carried out to increase protection against fraudulent card usage. As a retailer, the switch from swipe to chip can get a little confusing and sometimes worry the […]

What more can make a retailer ask for, when he/she can make an additional income without having to make any major investment! We have curated a few ways through which you can get some extra income. Mini ATM & Domestic money transfer Convert your store into a mini ATM and open new business avenues for your store. Swipe the card […]

Between 2019 and 2023, India is expected to achieve the fastest growth in digital payments transaction value, ahead of the US and China. Yes, you read it right!    A recent  study conducted by ASSOCHAM-PwC India,  has revealed a projected value of $135.2 billion in 2023 that will be contributed by Digital Payments. This expected to be the fastest growth […]

‘Kirana Shops’ – Not too familiar? The small grocery shop down the road are what we mean by Kirana Shops. In the era of online shopping, these small shops have always remained close to our hearts. The personal touch and the familiarity with the local people’s taste and likes makes the experience way more better than any shopping mall  experience!  […]

We have been scanning QR codes for the past two decades but they got viral only after smartphones joined the game. As the name suggests, the Quick Response codes let you finish your action in a swish – like digital magic. They are used in different forums but the most prevalent usage in India would be to make payments. Digital […]

  Unlike a large business that has a separate department for each function, a small business owner is required to wear many different hats to ensure that the business runs smoothly. Without proper planning, it can be easier for owners to lose track of tasks that need their attention. One of the best tools at their disposal to improve efficiency […]

The digital payments trend has had a landslide success in India and is expected to be a 30 billion industry by 2019 and a 1 trillion dollar market by 2023. Over the last two years, India has seen a massive shift in the digitisation of payments with a 2x surge in the volume of transactions. There were 20,540 million transactions […]

The only way for small businesses to stay afloat in the growing market is if they generate a profit. One of the biggest  challenges that small business owners face is breaking even. But often times, companies see great progress in productivity but enjoy no profit. Finding out where there is a cash leak and fixing the haemorrhage must be your […]

Every year, the earth faces nature’s fury in one or more ways. It leaves behind a disastrous trail for which a huge amount of support is required to bounce back. Volunteers from all over the country rush to their aid and many donate necessary relief material or money. Now, the digital economy has made funding easier than ever before for […]

Top Reasons to Include a Wellness Program for Your Employees Wellness is more than simply being not ill. It means keeping one’s body in the pink of health so it works efficiently for longer. Offering your employees a route to wellness is not just going to benefit them, it will also benefit your organisation in the long run. Today, many […]

Digital payments were originally conceptualised as a revolutionary way to make payments more convenient for customers. Since they do not require exact change and were acceptable for even small amounts, digital wallets and cards made queues at checkout counters shorter and faster. But lately, the larger potential of how going cashless benefits the government is coming to the surface. These […]

The Automated Transaction System (ATM) is one of the most crucial self-service systems in retail banking. It connects banks and financial institutions to customers allowing them to perform transactions with ease. But in recent years, with the development of a digital economy, there has been a rise in the importance of a cashless payment society. The versatility and ease of […]

Over the last decade, there has been massive innovation in technology with the use of artificial intelligence to develop smart cars and smart homes. In recent years this innovation has expanded to the transportation industry with the use of digital cash in payment systems. These include cryptocurrencies such as Bitcoin that are created and used online to purchase services. The […]

UPI, also known as United Payments Interface, is a payment system that allows instant fund transfers via mobile between multiple bank accounts. The first version of this platform was launched on April 2016 by the former governor of the Reserve Bank of India, Raghuram Rajan. The app has made the process of making payments much more efficient. With the demonetisation […]

Technological developments such as artificial intelligence and machine learning have become widely available and versatile in their use. Over the last two decades many people have become more aware of and accustomed to using this technology. This has led to an increase in the adoption and investment in AI by many companies. Since it has become more affordable and accessible […]

Not a very long time ago, if you had to make a payment in India, there were only a few options available; you could either pay by cash or swipe your card. Today, payment technology has undergone nothing short of a revolution, with multiple payment methods opening up that focus on convenience and security. One of the latest payment trends […]

In a quest to grow revenues and scale up their business, most companies focus on improving their products and growing their customer base. However, the key to a profitable venture actually starts with happy employees. Employees who love their job are more productive and proactive than those who are unsatisfied.  This mindset trickles down from the work culture that your […]

When we envision the digital revolution taking place in India, most of us do not think beyond the impact that it will have on large urban cities. However, a silent digital payments wave is taking over the smallest villages and towns in India. Agriculture isn’t a sector we commonly associate with sectors performing well on the digital platform. But advances […]

After you have started a business venture and it has gained traction along with high profits, what would be your next logical move? An ambitious startup will want to keep growing instead of merely staying afloat. Scaling up a startup can be challenging and involves rethinking your business approach completely. A number of startups have been unable to successfully scale […]

FY 2017-2018 witnessed an exceptional rise in the adoption rate of digital payments. This can be attributed to the government’s revolutionising move, demonetisation. As a digital economy also benefits the government, they have been pushing for greater volumes of digital payments. Recently, the government has announced that they are targeting an increase in the volume of digital transactions by 50 […]

The next major wave of growth in the Indian economy won’t come from the big tech corporations, but from the almost 5.5 crore MSMEs (Micro, Small and Medium Enterprises) which operate in India. While these businesses have always existed, until recently, their contributions weren’t fully documented. However, with the penetration of digital technology, MSMEs are finally being valued for their […]

 In early February 2018, the popular messaging app WhatsApp launched a WhatsApp Payments feature in the beta version for one million users. This came quickly on the heels of the launch of Tez, a digital payment app by Google. Both of these features aim to permanently change the way people conduct payments in India and are the biggest payment trends […]

In an effort to improve the security of digital transactions, the Reserve Bank of India made it mandatory for all digital wallets to comply with KYC norms in India. In the past, prepaid payment instruments (PPIs) as digital wallets are technically called, did not require any KYC documents for a user to register and conduct transactions. However, the RBI has […]

The last two years have been revolutionary for the digital payment industry in India. Since the introduction of a cashless ecosystem, there have been numerous reforms that showcase expansive digital development. In fact, according to statistics, digital payments reached 1,162 crore transactions between April and November and is expected to surpass 1,800 crores in the current fiscal year. With such mind-boggling […]

The transition from cash transactions to digital card-based transactions has been growing at a very fast pace. With changes occurring in the way individuals conduct transactions, businesses also have to keep up by customising their payment options. One of the challenges faced by small business owners is finding a way to adapt their methods of transactions. POS machines offer a […]

Ever since digital has taken the world by storm, most of our shopping, bills and transactions have moved online. This along with demonetisation has made digital payments mandatory. While digital has simplified lives and has been revolutionising the way we transact, digital payments also has its own drawback and limitations, especially with security. The growth of e-commerce platforms and online […]

The digital payments industry in India has grown tremendously since demonetisation and is continuing to grow at a steady pace ever since. The increase in the number of mobile wallet users has significantly added to the overall growth of the sector. With emerging digital platforms and upcoming technologies, this number is bound to only grow further. Let’s take a look […]

In 1969, IBM engineer Forrest Barry had the revolutionary idea to stick a magnetic stripe to the back of a plastic card. With this invention, the credit card was born and changed the nature of monetary transactions forever. Today, another cash revolution is taking place, one that could render credit cards obsolete in the near future. Digital cash is an […]

It’s has been just over a year since PM Modi announced demonetisation and India has already gone leaps and bounds towards embracing a digitally centralised economic and social lifestyle. Since the introduction of a cashless ecosystem, there have been numerous reforms that showcase expansive digital development. While there is no denying that the country is still very dependent of a […]

As we move into a cashless economy, there is always going to be questions raised over the security in digital payments. Countries across the world have seen numerous advances towards cybersecurity measures, but not without a few hiccups along the road. As India is fairly new to the concept of digital payments, there is always that impending threat of a […]

Ever since the age of the Internet, there has been significant shift in the methods of operation among many major industries in India. While adaptation of technological advances was the first sign of this shift, there is still much to do for an industry to go purely digital. There have been promising signs over the last year or so, with […]

UPI based mobile payments have risen to an astounding 16.61 million in Aug 2017. This big number also indicates that mobile payments in India are now part of big data. Big data has been around since the conception of Information Technology; it involves the collection and processing of a large amount of data for legal use. Big data technology has […]

India’s digital payment marketplace in on a steady rise, and is reported to be worth an astounding 500 billion by 2020. The rise in the use of online payments can be contributed to factors such as demonetisation and the government’s efforts to encourage mobile based transactions nationwide. With an increasing number of Indians opting for digital cash and more payment […]

Social media has come a long ways since being introduced as an innovative method of communication. What started as a medium for connecting with peers across the globe has morphed into a business tool for ads and brand promotions. Social media pioneers will continue to innovate and the latest evolution involves the implementation of payment gateways within the social media […]

Payment banks are the latest initiative from the Reserve Bank of India (RBI) with the primary motive to promote digital, paperless and cashless banking in our nation. It is an approach in which other non-banking financial organisations are granted the authority to offer basic bank services to every Indian citizen. A payments bank is a differentiated bank with the specific […]