The number of UPI payment transactions has been increasing rapidly in India. Initially, it was only available in India, but nowadays, it can also be accessed outside of India. UPI is a revolutionary financial technology product created by the National Payments Corporation of India (NPCI). The BHIM app, one of the many UPI apps available in India, is also a part of NPCI’s works. At the Global Fintech Fest 2022, which occurred on September 21,…
The Indian lending space is undergoing a revolution, thanks to the emergence of fintech. This new technology has changed the way people access and apply for loans, making it easier than ever before. Fintech is revolutionizing the lending space by allowing customers to access loans quickly and easily, with minimal paperwork. It also offers a more secure and transparent process, with quick decisions and flexible repayment options. The lending industry has seen the greatest growth…
When qualifying for a loan or renting an apartment — your credit score is one of the most critical numbers in your life. Our credit score holds power over our ability to succeed in almost any endeavor that requires loan approval, security clearance, or even a competitive application process. Whether you’re looking to buy a car, rent an apartment, or apply for your first job — having a healthy credit score is beneficial in almost…
Today’s digital economy reshapes how we think about and use financial services. The rise of mobile, social media, big data, artificial intelligence, and virtual reality has made it easier for individuals to manage their money digitally. This means that consumers demand more convenience in accessing and using their financial services. In response to these changing needs and habits, businesses are reimagining the scope of financial services as a “Payments as a Service” (PaaS) model. Financial…
The Indian economy has seen a digital transformation in the past few years. Digital payments have become common with different apps facilitating online transactions. The country’s demonetization also forced people to adopt digital payment methods instead of cash as the new Rs.500 and Rs.2,000 notes were not available in the market. With this increased adoption of digital payments, India has witnessed massive growth in its fintech industry. In the wake of a financial crisis and…
Given the increasingly competitive nature of businesses in the digital age, it’s no wonder that startup and SME have been focusing so intently on business growth. To this end, targeted corporate banking services are an excellent way for smaller companies to grow their business. However, with such a wide variety of financial services available, it can take time to determine which ones your company needs. This blog post explores corporate banking and whether it could…
