Blog
Adopting Digital in Transaction Banking
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 to the organizations in...
Cash Management – A Journey From The Traditional To The Smart Digital!
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 a cumbersome activity which required a...
Redefining the Framework of Real-time Payments in India
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...
Virtual Accounts: How They Actually Work
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 in opening, maintaining and closing...
Virtual Accounts: Enhancing Collections and Payments
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, rationalizing and simplifying cash...
Request to Pay: The New Innovation in Collections
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 through open banking. Request to Pay is intended to improve the...
The Role of Payment Wallets In Digitizing India
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 payment platforms like Net Banking, Magnetic stripes,...
Mindgate’s Virtual Account Management Solution
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...
Key Benefits Of Implementing A Merchant Management System
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 and integrate the merchant for...