Social distancing during the current pandemic has seen a huge surge in cashless payments. With the advent of the contactless payment, few years back the merchants initially were reluctant to embrace this new technology. However, this behavior underwent a drastic change during the two years of the pandemic. The consumer became more familiar of the …
Contactless payment …… Is it a bonanza for merchants? Read More »
Struggling with your Legacy MIS Reports? We Have A Configurable and Customizable Solution for You! Almost all businesses these days run on technology and everything is heavily dependent on systems, from a small internal process in the company to client interactions. Management Information System (MIS) is the central application critical to the smooth functioning of …
Buy now, pay later: Helping India’s millions of STORES get access to finance. In India, BNPL has found an additional — and perhaps more productive — application. Self-employed people, whose customers pay mostly in cash, have traditionally found it very hard to prove their creditworthiness to banks. Starting with Unilever in 1888, practically everyone …
Essential Strengths Of Omni-Channel Retail Platform. The evolution of technology has intertwined people’s lives with the internet. People use different devices at different times, and they expect to make purchases when they want. The retail industry has recognized this trend of demanding customers and is looking to incorporate changes to be available across multiple channels. …
The Indian Recurring Payments Landscape And How It Has Changed In The Recent Past The demand for digital services has grown more than ever over the past year. Since the beginning of the pandemic, the growth of digital payment has soared. In just a few months, it has seen a growth relative to 10 years. …
Buy Now Pay Later: The model changing the way credit works in India Buy Now Pay Later loans have seen immense growth amid the pandemic. Fast becoming a way for India to take small loans, the industry is expected to change how credit operates in the market. In a country like India, where finance is …
BNPL – A credit product for a finance-starved Generation Read More »
The success of any business greatly depends on offering the right product or service at the right place and at the right time, but that is not enough! A customer’s experience throughout their purchasing journey is as important as the right product, location and time, especially when the pandemic has primarily affected the way consumers …
Over the past fifteen months, there have been some remarkable initiatives in the way consumers have switched to digital payments. Since the coronavirus outbreak, users have preferred contactless payment options irrespective of the industry they purchase from. In a recent report by a popular travel tech company, 84% of users confirmed using non-cash methods since …
Impact of Covid-19 on the digital payments segment in India Read More »
Digital payments changed the face of India. In fact, India made its mark on the global market in the digital payment space due to UPI. Hundreds of FinTechs today are working in the digital payments space and offering multiple solutions. From utility bill payments to buying groceries, digital payments have made their place even in the small shop in …
The last 12 months have been like being inside a time capsule. India’s digital payments ecosystem in this timeframe has seen the kind of growth that might have happened over a 3-5 year horizon if not for the pandemic. Over 50% of this digital adoption is coming from Tier 2 & 3 cities today, which …
