India’s digital payments ecosystem is growing at record speed, from Rs.3,659 lakh crore in FY24 (18,737 crore transactions, up 44% CAGR from FY18) with total transactions exceeding Rs.1,572 lakh crore in early 2026 and volumes reaching 221.9 billion transactions (up ~35% YoY), according to RBI. Today, over 80–85% of digital payments are made via mobile devices, while UPI alone accounts for nearly 84% of retail transaction volumes, making it the backbone of India’s payment infrastructure.…
A customer clicks the “Buy Now” button, but may not complete their purchase. The payment page seems strange to them, choices are limited, and/or the purchase is viewed as unsafe. As a result, the customer abandons the purchase before completing any of the steps necessary for finalizing the sale. This is where a business can lose revenue due to an unappealing payment processing system (i.e. weak or absent payment gateway). This is being witnessed at…
Convenience is the new king, with all this convenience residing in our pockets as a result of the mobile economy! In fact, 85.5% of Indian households now own at least one smartphone, making mobile devices the primary channel for digital payments and services. Today, there are more than 1.2 billion mobile users in India, and over 80% of digital transactions are made on mobile devices (Source: RBI, FY24). This makes mobile payment gateways an unsung…
Welcome to the evolving world of payment gateways. Here, finance and user experience come together for safe and quick transactions. India processed over 14.05 billion digital payment transactions in March 2025 (source: RBI). This highlights the importance of efficient payment systems today. In our digital age, understanding new trends and technologies in payment gateways is essential. Whether you’re a fintech enthusiast, an e-commerce founder, or an online shopper, these changes are shaping how we pay…
Accounts payable isn’t just about clearing vendor invoices—it’s where cash flow, compliance, and control intersect. As businesses handle more vendors and real-time payouts, even a small delay or mismatch in the AP cycle can trigger penalties, disrupt supply chains, or erode trust. In India alone, delayed payments to MSME suppliers are estimated at around Rs. 7.34 lakh crore, a reminder that every broken AP cycle silently locks up working capital and strains vendor trust. In…
The Indian digital payments ecosystem is maturing, and the results are showing. Digital payments for Small Businesses have grown from less than five percent of the population in 2016 to more than 25 percent in 2019. Since 2015, the number of mobile wallet users has grown from just over 10 million to about 220 million, and the number of transactions has increased from 100 million to nearly 400 million. Globally, Small Businesses account for more…
