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In the digital era, simplifying and securing financial transactions is essential to providing a seamless customer experience. The Bharat Bill Payment System (BBPS) has emerged as a revolutionary framework for utility bill payments. Designed...

In the last decade, QR payments have revolutionised how transactions are conducted globally. From bustling metropolitan hubs in Asia to emerging markets of Africa and established economies in Europe and North America, cashless payment...

In today’s fast-paced and highly competitive business landscape, effective cash flow management has become more critical than ever. Companies are under constant pressure to optimize their financial operations, reduce costs, and stay ahead in...

As technology advances and the world changes, new concepts and digital currencies have emerged, reshaping how we think about real-time transactions. Central Bank Digital Currency or CBDC platforms are essential for building modern financial...

Indian financial services have undergone a transformative journey driven by innovations, such as UPI, which has revolutionized access and convenience for both individuals and businesses.The recent milestone of 16 billion transactions in a single...

The digital payments landscape is undergoing a profound transformation, driven by advancements in technology, evolving consumer behaviors, and a global shift towards cashless transactions. According to industry reports, digital payments market is projected to...

Digital banking ecosystem is revolutionizing how we handle money, and the rise of digital payments is shaping modern banking. The shift from traditional methods to advanced technology has transformed customer-bank interactions. With growing demand...

Central Bank Digital Currencies (CBDCs) have gained prominence in recent years as governments and central banks seek to modernize financial systems and address challenges posed by traditional payment methods. CBDCs are digital representations of...

In the competitive financial arena, achieving leadership in transaction banking calls for a strategic combination of innovation, customer-focused culture, and cutting-edge technologies. With the world undergoing rapid digital evolutions, transaction banking is the domain...

In an era where digital technology reshapes the contours of industries, transaction banking is no exception. The digital wave offers not just a challenge but a compelling narrative for transformation, urging banking leaders to...

In an era where the synergy between technological innovation and financial services shapes the backbone of consumer convenience, the advent of Interoperable Cardless Cash Withdrawal (ICCW) technology through Unified Payments Interface (UPI) heralds a...

In an era defined by global connectivity, the need for seamless financial access while traveling has become more critical than ever. Enter UPI’s International Payment Innovation, a ground-breaking development that transcends borders and simplifies...

In rural India, seamless online payments are often challenging. Limited internet connectivity, unreliable electricity, and the unfamiliarity with digital tools posed significant challenges. Transactions often require cumbersome cash-on-delivery systems or dependence on physical bank...

Artificial Intelligence (AI) is re-envisioning India’s financial services, with over 83% of Financial Service Providers (FSPs) adopting it to enhance and modernise their offerings. The “Conversational Payments on UPI,” supported by the National Payments...

How CBDCs are Reshaping Digital Payments in the Fintech Sector Central banks are key to our financial system. Historically, they’ve ensured quick, stable, and smooth financial operations, handling payment systems and currency issuance. But...

Life happens in the fast lane. Then why should our payment modes slow us down? As the need for speed and simplicity grows, we need solutions that simplify the multiple steps of online payments...

In an era of digital transformation, the payment industry is undergoing a revolutionary change with RuPAY credit card linkage to the Unified Payments Interface (UPI) and access to pre-sanctioned credit lines on UPI platforms....

Financial services and capital markets are undergoing a profound transformation across the world. Although technological disruptions are creating greater opportunities for banks and financial institutions, the emerging challenges such as growing credit risks, higher...

Mindgate, a leader in digital payment solutions won the prestigious award Best Open Banking & API Solutions Provider at the 2022 MEA Finance Banking Technology Summit & Awards. The honour is an acknowledgement of the significant...

Four of the seven banks that were part of the recent UPI Lite launch by RBI & NPCI use Mindgate as their UPI Platform. The growth of the digital payments industry in India has...

In the past few years, a considerable growth in digital payments in India has been observed. Despite the crippling effect of the COVID-19 pandemic, a staggering figure of 38.8bn real time digital transactions (UPI)...

Digital Payment Trends- Global Perspective It’s intriguing to watch out how the fast-expanding payment markets are breaking all the barriers to the cashless economy. With more and more super apps entering the market like WeChat,...

Managing high volumes of transactions and adapting to new payment mechanisms across expanding field of touch points (credit, debit, cash, online etc) are challenges that most businesses find difficult to cope with. As the...

Taking a step forward towards digitalized payment system, PM Modi launched the much-awaited e-RUPI payment solution on 2nd Aug. Contactless and cashless, the one-time payment system is designed to send government monetary benefits directly...

The surge in mobile app technologies and easy availability of smart devices have disrupted the way people conduct payment transactions. The development of payment gateway solutions and exponential growth of the cashless industry in...

A rapid shift in the Digital Adoption by consumers for Merchant Payments augurs well for the Digital Payment ecosystem at large. While the behavioral shift could be attributed to the current situation and to...

The pandemic has brought us into a situation where social distancing is the key to staying healthy. In times like these, it is very important to avoid contact and thus has accelerated the rise...

Data reveals that although the credit cards market leads the show, the growing demand for mobile wallets is likely to enter the fray. Surprisingly, the user base aren’t only the millennials or the Gen...

Social media, like any other innovation, is likely to go through a refinement period, which seems like a never-ending process of updates and improvements. Despite its substantial list of pros and cons, social media...

Fintech start-ups are known for being agile and efficient and they now have their eyes on the banks’ revenue sweet spot. These new entrants, have a well-established online presence, they are targeting merchant services...

Innovation and technology usually go hand in hand. Therefore, for innovation to be fully realized, the technology that enables the innovation must be adopted as well.

Digital payments are already here, whether we are ready for it or not. With every passing day, there are FinTech companies continually pushing the digital payment envelope.

When most people think about the term “Bank” they probably envision a retail branch with long queues, behind a rope waiting to seek the services of a teller or branch representative. Well those days...

From being a cash-oriented economy, India has transformed its payment sector to a large extent. The boom in digital payments is attributed to various factors like smartphone penetration and progressive regulatory policies. Especially after...

The future of banking will be so much more than just banking. It will go beyond digital offerings such as real time payments, checking balances, paying bills and making mobile check deposits. The future...

Gone are the days when the core purpose of a wallet was to hold your cash and cards apart from stuff like a license or a random bill paper. With the advent of digital...

The ripples of technology have touched every other industry or rather human lives on a whole. For those insurers ready to seize the moment, digitalization offers an enormous opportunity. The companies that stand to...

The payments industry has been one of the most active areas of innovation in the banking industry. Fintech Firms and payment solutions company are fast transforming the P2P(person to person) and B2B(business to business)...

Digital disruption has changed the way businesses are executed these days. With multifarious payment options, there is a need to think and redesign the ways merchants are handled by competitive banks. Being able to...

Introduction of UPI in 2016 and the succeeding UPI 2.0 in 2018, turned out to be a game-changer for the payment landscape in India, taking the country a step closer to a cashless economy....

Transaction banking refers to the movement of money from one place to another. It is the area of banking that addresses the operational needs and day-to-day transactions of business, corporate and institutional customers. Thus,...

The growing demand for transaction banking stems from the fact that corporate houses today seek a smarter and efficient cash management system for smooth business operations. An increasingly competitive landscape has posed critical challenges...

In today’s age of digitalization, the once-popular modes of cash & cheques are slowly ceasing to remain the primary instruments that businesses in India use for their transactions. Till now, cash management has been...

The Payments landscape worldwide is undergoing a major upheaval with unprecedented players including Social Media Giants such as Facebook and newly emerging FinTech companies expanding into  the digital payment-scape.  Start-ups, which were once considered...

Businesses and organizations who operate a large number of bank accounts in some cases, in the thousands often experience difficulties in tracking and reconciling their payments and collections. There is also a significant cost...

Today, an increasing number of organizations have begun to recognize the benefits of using a single account for channeling payments and / or collections using Virtual Accounts (VA). Virtual account add value by streamlining,...

Request to Pay (RtP) is a concept designed to give greater flexibility to consumers and businesses while making payments. It has also been quoted as being one of the key services that will be enabled...

The e-commerce and online purchase industries have only seen better days since the emergence of digital payment modes.  Add to it the demonetization drive by the sarkar leading to the mushrooming of the digital...

The global digital payment revolution has offered fertile conditions for improving efficiency and refining cash management operations for corporates to take advantage. Virtual accounts offer a particularly compelling option. Mindgate’s Virtual Accounts solution coupled...

Banks and financial institutions today have access to a multitude of solutions for managing the merchant acquisition ecosystem. Each acquiring that the banks enable as service offerings to its merchants require the banks to onboard...

For banks worldwide, payment and collection solution services are an increasingly important source of revenue and driver of loyalty among corporate customers. For corporate offices and SMEs, expectations around the efficiency and convenience of payments are...

Automating the reconciliation process of corporate accounts can boost the speed of one of the most time-consuming tasks in any finance and accounting department. Without a doubt, manual reconciliation is the least efficient process...

Payment aggregation, also known as merchant aggregation, is a business model in which a third-party payment provider is also known as the ‘payment aggregator’ signs up merchants directly under its own merchant identification number...

Businesses today are involved in financial transactions with a number of banks and financial institutions. Corporate Treasury departments are faced with multiple responsibilities such as optimizing cash, maintaining liquidity, securing finance, controlling risk and...

Real-time payments have seen a steady worldwide growth in the past few years. Growing consumer demand for a speedy and convenient transaction has provided impetus to the popularity of RTP over traditional payment methods. With financial...

Digital payments in India has tripled to 7% of GDP from 2.5% three years ago, tie success can be partly attributed to the UPI-based payments system which provides a robust platform for electronic transactions...