Tag: transactions

E-Mandate: What It Is, How It Works, Benefits and New Guidelines 

The recurring payment collecting method in India has drastically changed since the introduction of e-mandates in 2018. E-mandate has simplified and made it much easier for lenders to collect recurring payments with a much reduced operational costs.  So, what is this E-Mandate that almost transformed the recurring payments landscape in India? Let’s dig a bit deeper to know what it…

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The future of digital payments in India

The world’s second-fastest growing digital economy, India, is also developing into a fintech and payments hub. Both public and private sectors in India are going through rapid digital transformation by embracing automation and advanced data analytics. The Impact of Demonetization and Covid-19 pandemic:  The Fintech sector in the country is one of the industries at the forefront of transformation. India’s…

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6 Ways to Make Digital Payment Experience More Effective and Convenient

Digital payment solutions have offered users the best convenience, speed, and reliability compared to conventional payment systems. It has empowered anyone with a smart device to conduct transactions with ease, safety, and comfort. However, there can always be some scope for improvements and innovations. Here we have enlisted 6 ways to make digital payment methods more effective and convenient for…

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