29 posts in the “Post” category

IndiaStack – What You Need to Know?January 09, 2023 - posted by Ashish Katkar

India has set a benchmark for the world in adopting digitization. From using cash predominantly, India has come a long way to accept and remit digital payments. In fact, India surpassed China in the total volume of real-time payments this year. According to IndiaStack’s website, Indians have completed 67 billion digital verifications and Rs 5.47 […]

Keep Reading →

5 Payment Trends to Watch in The Year 2023January 02, 2023 - posted by Abhishek Mithal

The payment industry was bustling with new developments and innovations in 2022. There was so much happening this year. Besides that, our research also predicted increased focus on cybersecurity, BigTech’s interest in investing in payments, the emergence of payment-as-a-service (PaaS), and more. The recent developments in the payment industry clearly indicate that customers and merchants […]

Keep Reading →

Top Retail Banking Trends and Predictions for the Year 2023December 28, 2022 - posted by Sankhadeep Chakraborty

2023 may be a very exciting year for the banking and financial sector. They are at thecrossroads of transitioning into bigger digital entities with better presence virtually. Theneed for digital transformation may be several, like lowering costs, improving compliance,etc., but 2023 will also be a year when banks and financial institutions will witness themassive growth […]

Keep Reading →

Crypto Credit Cards – What They Are, and How They Work?November 29, 2022 - posted by Debasis Mohanty

Crypto credit cards are among the hottest trends in the crypto world right now. On the surface, they offer all the perks a traditional credit card offers but allow users to spend their cryptocurrencies. In fact, a recent survey outlined that 13 million American adults already have a credit card that allows them to use cryptocurrency for […]

Keep Reading →

Instant Payments Around the WorldNovember 29, 2022 - posted by Sankhadeep Chakraborty

Gone are those days when transactions took hours or days to complete. Customers don’t have to wait to transact money during banking hours anymore. All this is possible due to instant payments.  Instant payments are a way of exchanging and processing payments between bank accounts or peer-to-peer in real-time. The most common types of instant […]

Keep Reading →

Voice Payments – The Future of Payment Technology?November 29, 2022 - posted by Ashish Katkar

As per Statista, there will be 8.4 billion digital voice assistants catering to the needs of users worldwide by 2024 (up from 4.2 billion in 2020). To put that into perspective, the number of voice assistants across devices worldwide would be more than the world population.  And this doesn’t come as a surprise considering the immense market […]

Keep Reading →

Is P2P Lending Here to Stay?November 29, 2022 - posted by Abhishek Mithal

The global P2P lending industry was valued at $64 billion in 2015. It’s estimated to be worth approximately $1 trillion by 2050. So, it can be said that Peer-to-Peer (P2P) lending is here to stay. P2P lending is a critical component of the fintech sector and has quickly become one of the most popular investment options.  It […]

Keep Reading →

Open Banking & APIs – Regulatory Compulsion or Catalyst for InnovationNovember 16, 2022 - posted by Debasis Mohanty

Over 86% of global banks are looking to use APIs and facilitate open banking capabilities. The concept of open banking has been around for many years but only for the sake of regulatory compliance.  However, there has been rapid adoption of open banking globally in the wake of the pandemic. Most small businesses and individuals have found […]

Keep Reading →

Appreciation – A Key to Team SuccessJune 29, 2022 - posted by nikhil kadu

Appreciation is a key to the success of all teams under the Sun, be it a family, a housing society, a charity, a school, a corporate team, a project team, or any other team of people working towards a common goal! Appreciation acts as a big motivator to successful performance for most people. But for […]

Keep Reading →

How Banks are Embracing Biometrics Technology to Improve SecurityJune 02, 2022 - posted by Abhishek Mithal

Biometrics technologies is an exciting branch of technology that is gaining popularity at a rapid rate. It is estimated that between 2020 and 2025, the global biometric technology market will grow at a compound annual growth rate (CAGR) of 10.5%, reaching a total value of $8.5 billion. Biometrics technology is based on biometrics – a […]

Keep Reading →

Will Cryptocurrency Ever Become Mainstream?May 17, 2022 - posted by Sankhadeep Chakraborty

In 2021, Elon Musk added #bitcoin to his Twitter bio and created a stir in the market. Cryptocurrency prices soared by about 20%, further accelerated due to his tweets. When the richest man on Earth supports cryptocurrency for transactions and investments, it surely makes a huge statement. The global cryptocurrency market evaluation summed up to […]

Keep Reading →

Is Digitization an Endgame – What’s Next for Banks?May 17, 2022 - posted by Magesh Ramanathan

The pandemic outbreak in 2020 triggered an unprecedented overhaul in the banking sector. And the changes were, well and truly, reflected in the pattern of digitization. Statista reports that several “new banking functions” emerged in the wake of the crisis. These included digital appointments in branches, fully digital transactional pipelines, contactless payments, etc.  In fact, […]

Keep Reading →

How Banks and Financial Institutions are Embracing Fintech Strategies to Stay Relevant and Grow?April 29, 2022 - posted by Abhishek Mithal

A decade ago, the banking and finance sector had unwavering control over the way people approached organized financial discipline in their lives. Even on the B2B front, banks exerted their dominance and refused to break their legacy lending frameworks, and often denied businesses flexible access to capital to spur their growth. But moving into the […]

Keep Reading →

Low-Code No-Code Platforms – The Future of Software DevelopmentApril 18, 2022 - posted by Magesh Ramanathan

A new phase of software development, famously known as low-code and no-code, is here to take over the digital space. As their names suggest, these new generation platforms enable users to design, build and deploy enterprise-ready applications rapidly with little to no code. As per recent research by Gartner, 70% of upcoming applications developed by […]

Keep Reading →

Low-Code No-Code Platforms – The Future of Software DevelopmentApril 18, 2022 - posted by Magesh Ramanathan

A new phase of software development, famously known as low-code and no-code, is here to take over the digital space. As their names suggest, these new generation platforms enable users to design, build and deploy enterprise-ready applications rapidly with little to no code. As per recent research by Gartner, 70% of upcoming applications developed by […]

Keep Reading →

Is it the Year of the Virtual Card?March 31, 2022 - posted by Sankhadeep Chakraborty

Among the widely talked-about topics in the financial services industry, the virtual card has grown in acceptance among banks and consumers in recent years. In the digital world, consumers are now transitioning away from “physical” plastic cards by adopting virtual cards. While virtual cards have been in existence for some years now, is 2022 going […]

Keep Reading →

What Are The 3 Credit Card Trends to Watch for in 2022?March 28, 2022 - posted by Magesh Ramanathan

We are living amidst a digital revolution, and the latest technology is revamping every enterprise. Be it any industry, the pandemic impacted it all and pushed them towards a digital overhaul. The disruption of the financial sector is also evident. In 20-21, the total digital transaction volume was at 4,371 crores (as against 3,412 crores […]

Keep Reading →

“Work is Changing” – Are you Ready?March 01, 2022 - posted by nikhil kadu

The world of work was gearing up for disruption when COVID-19 struck and accelerated the move into the Future of Work. Two years later, this world looks like a mere shadow of its past. Digital transformation is now inevitable and the hybrid workplace is a certain reality. The disruption is ongoing as organizations identify how […]

Keep Reading →

Top Payment Trends in 2022February 25, 2022 - posted by Ashish Katkar

In the face of the ongoing COVID-19 pandemic, the global demand for faster and contactless forms of digital payments continues to rise with the adoption of innovative technologies. If 2021 was the year when we moved to the next era of digital payments, 2022 will be the year when business growth will be driven by […]

Keep Reading →

Is the Rise of the “Super-app” an Opportunity or Threat for Banks?February 25, 2022 - posted by Sankhadeep Chakraborty

In recent years, the number of mobile apps has multiplied exponentially, and now, there’s an app for everything from ordering a taxi to making an online transaction. Effectively, mobile apps have transformed the way we live and conduct our daily business. Among the latest developments in mobile apps, the “super-app” has emerged that combines a […]

Keep Reading →

Learning For Project Managers From COVID-19 PandemicFebruary 25, 2022 - posted by Ashish Sherlekar

Every situation teaches us a lesson. The pandemic was one such situation that caught the companies by surprise. Companies went remote overnight. They had to undergo digital transformation at a pace they had not anticipated before. Satya Nadella, the CEO of Microsoft, said that the company saw two years’ worth of digital transformation in two […]

Keep Reading →

Is Payment Network Adopting Cryptocurrencies a Clear Indicator of the Increasing Acceptance?January 14, 2022 - posted by Sankhadeep Chakraborty

Recently, MasterCard announced that it is including cryptocurrency in its network. This essentially meant that MasterCard would support select cryptocurrencies on their network. Apart from the traditional payment methods, businesses and customers can transact using cryptocurrency. MasterCard considers it a win-win decision as customers will have payment flexibility, and businesses can        build loyalty by offering […]

Keep Reading →

What Do You Need to Know About Card Tokenization?January 14, 2022 - posted by Magesh Ramanathan

In Sep 2021, the Reserve Bank of India announced that Indian merchants will not be able to store any confidential credit and debit card information on their servers post Dec 2021. While the deadline has been extended by six months, the fact remains that organizations need to be prepared for this disruption. The Reserve Bank […]

Keep Reading →

Future of Payments – My Top 3 PredictionsDecember 15, 2021 - posted by Ashish Katkar

Is it going to be embedded finance or the rise of Banking-as-a-Service (or BaaS) platforms? As we come to the close of 2021, the year itself has been a “watershed moment” in the sphere of global payments. Driven by the 2020 global pandemic, technology is now emerging as the “game-changer” that could transform the way […]

Keep Reading →

The Team That Grows Together Stays TogetherDecember 03, 2021 - posted by Shruti Warke

Organisations thrive only when they grow, and to grow, one has to embrace change and evolve. Learning is one of the best ways to achieve this change confidently. To set off on this path of learning, the employees of the organisation have to be exposed to the concept of growing through learning and by introducing […]

Keep Reading →

Is Embedded Finance the Future?December 03, 2021 - posted by Debasis Mohanty

While the process of digital transformation began much before, the COVID pandemic has played its part in encouraging contactless payments all across the world. The future of financial services is now being dominated by emerging trends like the “Buy Now – Pay Later” model and wearable payments. One interesting observation that is worth noting is […]

Keep Reading →

Why Integrated DevOps is Critical for Payments InnovationNovember 17, 2021 - posted by Sankhadeep Chakraborty

As more companies opt for the remote working modes, it is challenging for them to manage their operations in an environment that was not designed for a distributed workforce. According to the Microsoft and BCG research study, only 30% of remote-working managers find their companies innovating in areas like product development and customer experience. At […]

Keep Reading →

Buy Now Pay Later (BNPL) Frauds – Risks & PreventionNovember 17, 2021 - posted by Debasis Mohanty

As a popular trend, Buy Now Pay Later (BNPL) continues to delight both online (and offline) shoppers across the globe. It comes as no surprise that global BNPL services continue to grow at a healthy rate of 39% and are attracting attention from major players like Amazon, PayPal, and Square. Not to be left behind, […]

Keep Reading →

Which Is the Right Approach for Payments – Modernization Vs. Digital Transformation?October 05, 2021 - posted by Ashish Katkar

The terms modernization and digital transformation are often used interchangeably. After all, both involve the transformation of legacy systems. However, there’s a difference between both the terms. And payment providers need to know it because what they choose would define their future business strategies. So, let’s first understand the difference between both of them. Digital […]

Keep Reading →