DUBAI, May 19th, 2022 – Mindgate Solutions Pvt. Ltd, leaders in processing digital payments, today announced it has won the 2022 MEA Finance Banking Technology Award as the ‘Best Open Banking & API Solution Provider’. This award highlights Mindgate’s contribution toward digital transformation in the Middle East and Africa regions. MEA Finance Banking Technology Summit… Continue reading Mindgate awarded the ‘Best Open Banking & API Solution Provider’ at the 2022 MEA Finance Banking Technology Summit & Awards.
Blog Category: Expert Blogs
UPI Lite – An Initiative towards De-cluttering the e-payment Congestion
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 been commendable. Various digital products and emerging use cases such as UPI solutions, NETC Fastag, digital wallets, etc., continue to make… Continue reading UPI Lite – An Initiative towards De-cluttering the e-payment Congestion
The Path to India’s Central Bank Digital Currency
India is set to welcome its own digital currency in the near future. What are the building blocks of the Reserve Bank of India’s Central Bank Digital Currency and what will the path to a CBDC look like? Read More: https://www.businesstoday.in/magazine/finance/story/the-path-to-indias-central-bank-digital-currency-328345-2022-04-02
Top Five Trends that ruled the Digital Payment Solutions in India
Digital payments have come of age during the last few years in India. With access to multiple platforms, modern users are now increasingly opting for digital payments to discover and complete their purchase journey. While online storefronts were among the first to adopt digital payments, legacy payment systems quickly followed suit. Today even individual blue-collar… Continue reading Top Five Trends that ruled the Digital Payment Solutions in India
The Union Budget 2022 shows a strong commitment to India’s digital future.
“The Union Budget 2022 shows a strong commitment to India’s digital future. We applaud the government’s conviction in digital banking and welcome the move to set up 75 Digital Banking Units in 75 districts in the country. This will be a first step towards ensuring the citizens of the country, especially in the rural setting,… Continue reading The Union Budget 2022 shows a strong commitment to India’s digital future.
Why buy now, pay later has become preferred choice among millennials?
Digital payments have emerged as one of the fastest growing segments in the high-growth fintech industry. With more than 40 billion transactions worth over quadrillion rupees , the digital payment industry has emerged as a leading player in the sector. In keeping with its innovative nature, the latest trend in the industry is the ‘Buy… Continue reading Why buy now, pay later has become preferred choice among millennials?
Widen digital payment ecosystem, ensure financial inclusion among unbanked population
India’s burgeoning digital payment industry has shown impressive growth in the last few years, leading the charge of digitalisation of payments in the P2P (Person to Person) and P2M (Person to Merchant) segments. The Union Budget 2022-23 offers the finance minister an opportunity to further strengthen the digital payment ecosystem and lay down the government… Continue reading Widen digital payment ecosystem, ensure financial inclusion among unbanked population
Expecting to encourage the digital payments ecosystem in the Union Budget 2021-22
With India’s digital economy picking up, we expect the government to continue its efforts in encouraging the digital payments ecosystem in the Union Budget 2021-22. Like last year’s fund for incentivising the industry and offset losses incurred due to waiver of Merchant Discount Rates (MDR) on UPI and RuPay transactions, we hope the finance minister… Continue reading Expecting to encourage the digital payments ecosystem in the Union Budget 2021-22
Tracking The Growth Path Of Digital Payments In India
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) were recorded in 2021 alone, which is up from 18.8 bn in 2020 (https://www.npci.org.in/what-we-do/upi/product-statistics) The spike in digital payments can be… Continue reading Tracking The Growth Path Of Digital Payments In India
Payment 2025 – Charting a New Era of Digital Payment Infrastructure!
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, Apple Pay, and more, digital payments have become the epicenter of day-to-day activities in most economies. This especially holds true for… Continue reading Payment 2025 – Charting a New Era of Digital Payment Infrastructure!
