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 […]

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 […]

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 […]

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 […]

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 […]

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 […]