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
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 […]
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, […]
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 […]
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 […]
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 […]
Mindgate solutions honored at Red Hat partner awards in India and South Asia
Mumbai, December 2021: Mindgate Solutions Pvt Ltd, an end-to-end digital payment solutions company, today announced it has been recognised as a “Game Changer” independent software vendor (ISV) partner as part of the Red Hat Partner Awards 2021 in India and South Asia. The company was honored for its efforts to accelerate innovation in the payments […]
Union Cabinet Approved a Rs. 1,300-Crore Incentive to Promote Transactions Made via UPI and RuPay Debit Cards
“In a big boost to digital payments, the union cabinet on Wednesday(December 15), approved a rs. 1,300-crore incentive to promote transactions made via UPI and RuPay Debit Cards.” Mr. George Sam, Business Head & Co-Founder at Mindgate Solutions Pvt Ltd expressed, “India is the largest consumer of digital payments across the world. The Union Cabinet’s […]
JKB joins the elite list of bankers to offer CSS as a solution.
Central Sponsored Scheme (CSS) Fund Disbursement guidelines, as received from Ministry of Finance proposed all Central Sponsored Scheme to opt for Single Nodal Account (SNA) for better management of Funds at Nodal level. Government Business Banking application (GBB) from Mindgate is a one stop solution for Scheme Managementwhich can accommodate multiple business requirements from Government […]
Mindgate processing e-RUPI for 5 largest banks in India
We at Mindgate take pride in to be processing the all-new e-RUPI transactions for 5 largest banks, within a record time. e-RUPI, an e-voucher-based digital payment solution connects the sponsors directly to the beneficiaries in a digital manner without any physical interface. The e-RUPI platformoffers a cashless and contactless instrument for digital payments. It acts […]
