Author page: Ratheesh PR

Modernizing the Payments System to make it Faster and more Secure

The past 5 years, India has seen a massive growth in digital transactions, incentivized by the rapid penetration of 4G mobile internet and the 2016 demonetization. Today, the digital transactions have become common place even for micro value transactions. A digital payments interface has the following four critical essential aspects: Security Scalability Resilience Integrability The ease and seamlessness with which…

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Payments Modernization Here’s how you can prepare your organization for the future of the digital payment

As per the KPMG report on Fintech India – Powering payments, digital payments are set to grow at a CAGR of 28.8% in developing Asian countries through 2024. In India, the reception of digital payments systems has been even more enthusiastic, with the Bank of International Settlements reporting that in 2018, India had seen a 54.5% growth in digital transaction…

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6 Ways To Improve The Digital Payment Experience

We are witnessing an era of digital payments globally, which has an immense market size and ever-increasing market popularity and growth. High smartphones and internet penetration has propelled this market further in almost all major world economic zones. Digital payment mobile applications are easily accessible, and with numerous governments taking initiatives to promote digital payments, their market growth is expected…

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Ways To Succeed In The Digital Payments Landscape

Digital Payments Landscape: The Current Snapshot Rapid changes in digital technology have immensely transformed the payments industry. With a vast business model to support an existing, highly competitive market, it is imperative to look for innovation, convenience, and faster payment solutions. A massive increase in smartphone penetration and mobile wallets has accelerated the adoption of digital payment services. Online retailing…

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4 Key Drivers Of Payments Modernization

The modern payment system is no more in the control of a few large institutions. With the active participation of technology players, the entire eco-system is rapidly evolving with massive innovation. The ease of making cashless payments and the holistic experience around it is making news each day. Ever-changing regulatory changes requirements and low entry barriers allow Fintechs to make…

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