Blog
4 Ways How UPI Lite’s Offline Capability is Fuelling Financial Innovation and Expansion
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...
Voice-Powered Payments: India’s Path to Financial Empowerment
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 Corporation of...
How Central Bank Digital Currency (CBDC) is Reshaping Digital Payments in the Fintech Sector?
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 they're updating their roles...
Introducing XPRESS UPI: One-Click Payment Experience
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 and get the job done quicker! With this in mind, we’ve developed XPRESS...
Empowering Transactions: The UPI Revolution and its Game-Changing Impact on Credit
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. This dynamic shift is not only redefining...
Scope of Real-time Payments in the Payment Landscape of the Middle East
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 Proves Its Mantle Again–Bags the Best Open Banking & API Solutions Provider at 2022 MEA Finance Banking Technology Summit & Awards
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 contribution Mindgate has been...
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,...
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...