The Unified Payments Interface (UPI) has transformed digital payments in India, facilitating seamless transactions for over 260 million users as of 2024. With the introduction of the UPI sound box, merchants can now enjoy instant payment alerts, enhancing customer trust and transaction transparency. Here’s a detailed guide to help you
As the world’s two fastest-growing regions, India and Africa share many mutual goals, especially in the fintech sector, where their partnership is proving transformative. Indian fintech solutions are enabling financial inclusion, security, and economic growth in Africa, catering to the unbanked and underbanked populations. Leveraging tech stacks like digital
In the ever-evolving world of financial technology, security stands as the cornerstone of trust. With the rapid digitization of finance, the need for robust security in fintech products has never been greater. A joint whitepaper by Finn AI found that over 57% of financial services users rank security as their
With over 90% of online payments in India being driven by new-age fintech firms in August 2024, their pivotal role in financial inclusion is undeniable. Fintech companies are enabling governments and banks to extend essential financial services to marginalized populations, ensuring that even the most underserved communities can access these
On an average a rural consumer has to travel for hours to reach the nearest bank branch or institution even for daily transactions like depositing and withdrawing cash. Traveling such distance on a day-to-day basis is not only time consuming, but also costs money, making it counterproductive for an already
It’s the beginning of the month; you are at your local grocery store, stocking up for the next one month or so…. Without even blinking, you fish out your wallet, hand over your card, or just scan the QR code to make the payment though your e-wallet. Simple…isn’t it? Now
Technology has always played a key role in the financial sector in ways that most people take for granted and might not even notice. In examining the timeline of FinTech developments, the last 65 years paint a picture of continued innovation and evolution. In the global FinTech space, the 1950s
We’re Going Global!!!” is the new catch phrase on trend with many of the corporates across the Globe. But what does it really mean to ‘go global’. Come to think of it, going global is not just expanding your operations to countries outside of your own, making your products available
Shanti Bai lives in a village in Sehore district where she runs a grocery store. She is eligible for pension for which she waits for the 10th of every month. Previously she faced many problems dealing with the bank. She had to walk a lot and she didn’t know how
Reena Bai lives with her 2 children and her husband, who is a bangle vendor in the village of Bamuliya. She has just joined in 6 months back. Earlier she passed her day simply doing chores of the house, taking care of her 2 kids and helping her husband in
