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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 […]

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What is the Future of Invisible Payments?October 01, 2021 - posted by Sankhadeep Chakraborty

If we are to evaluate the major challenges for B2C or B2B companies and their customers in most domains, payments would often be at the top of the list. As the world became more mature and connected, trade and business practices too evolved without borders. The underlying monetary frameworks have matured considerably to accommodate new-age […]

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Do “Buy Now, Pay Later” Programs Threaten Banks / Credit Card Issuers?September 29, 2021 - posted by Debasis Mohanty

The 2020 pandemic not only impacted the way shoppers went about buying products but also made retailers think about alternative ways of offering their products or services. As the virus became more rampant, cashless forms of payments (aka digital payments) became the preferred mode. Among the many impacts of the pandemic, the “Buy Now, Pay […]

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Guide to Card Management System implementation for Banks in AsiaAugust 30, 2021 - posted by Sankhadeep Chakraborty

Market Trends Asia Card Payments Card payments are one of the dominant modes of non-cash payments globally, forecasted to account for more than half of the global point of sale transactions over the next five years, as per industry reports. Even in digital wallet dominated markets such as the APAC, cards are forecasted to account […]

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CMS Implementations for banks in AsiaAugust 24, 2021 - posted by Sankhadeep Chakraborty

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Is Teen Banking the New Way to Extending Banking Frontiers?August 22, 2021 - posted by Ashish Sherlekar

Digital banking is a norm today and banks that don’t pay attention are destined to bow down before competitors who took the leap. While getting into the digital banking bandwagon is an essential element, it is no longer the only cool stuff that a bank needs to have. In fact, the COVID-19 pandemic pushed reforms […]

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The Main Drivers Behind Payments Infrastructure ModernizationAugust 22, 2021 - posted by Sankhadeep Chakraborty

Among their multiple digital initiatives, in the recent decade, banks and financial institutions have looked to modernize their payment system or infrastructure. Needless to say, a modern payment system can directly improve their cash flow and win long-term customer loyalty. Hence, it comes as no surprise that the banking sector is relying heavily on digital […]

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Why Adopting API-First Approach in Payment Has Become Critical?August 22, 2021 - posted by Sankhadeep Chakraborty

Gone are those days when traditional financial institutions like banks could monopolize the financial industry. The millennials and Gen Z has now taken center stage in driving the economy. In fact, their spending power has crossed $3 trillion. As a digital-native generation, millennials and Gen Z prefer payment flexibility. They do not hesitate to disengage […]

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Preparing For the Migration to 8-Digit BINsAugust 22, 2021 - posted by Debasis Mohanty

With the growing pace of digital and mobile payments, the financial industry is fast running out of available Bank Identification Numbers (BINs). Why are BINs important? So far, the 6-digit BIN is what helps business merchants identify the credit/debit card type, the network, and the issuing bank. What is the main issue with 6-digit BINs? […]

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How Verinite Managed Remote Teams and Kept them Engaged – The HR’s PerspectiveAugust 22, 2021 - posted by Shruti Warke

The COVID-19 pandemic upended the world of work and pushed enterprises to embrace the Future of Work, in the present. What we initially anticipated to be a temporary arrangement turned out to be the world’s largest ‘work from home’ experiment. Today, it is clear that remote work will be an indelible part of our lives […]

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