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…

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…

Digital Lending refers to digitization of all processes involved in lending, starting from sourcing of loan application to loan recovery. The following are the various steps that are involved in the high-level lending process: – Sourcing Loan Applications – Verifying and Validating each loan application – Performing the KYC checks to determine loan eligibility of every applicant – Sanctioning of…

For both, banks and enterprises, collecting EMIs is a major task. Banks have to collect EMIs on the loans that they lend, whereas enterprises have to collect EMIs from people who buy products and choose the monthly payment option instead of paying for the product right away. Without technology, the process of collecting EMIs is bound to be tedious to…

Liquidity projections or liquidity forecast is an estimation of company’s expected future cash flows. Such cash flows may be in the form of both, payables and receivables. Liquidity projections often serve as an indication to the management about how viable or/and profitable the company’s operations are going to be in the near-future. Also, such projections also would help the management…