To start with, UPI payments have been undoubtedly the biggest champions among users due to their ease and smooth-sailing method of payments. But, does the same ease reflect on banks? The answer would be pretty unfavorable because UPI payments impact the bank’s fee. Due to the government-stipulated policies, UPI payments do not earn merchant fees, […]
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In our last blog, we learned about eRUPI and how it will transform the current financial ecosystem. Now, let’s look into the key differences between the two pillars of digital payments- eRUPI vs UPI. Before we dive deep, let’s spend a few minutes and have a recap on -what eRUPI and UPI actually mean. eRUPI […]
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Back in 2016, the need for eliminating corruption was taken to the front and thus resulted in Demonetization. This key objective of the government with demonetization began to alter the Indian economy. Altogether it paved the way for the advent of a new and currently witnessed digital economy. Amidst a variety of new digital payment […]
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Long gone are the days when security and compliance were just written in the document and not practiced widely. Nowadays, fintech companies have put Compliance and Security at the front. Any non-adherence to the standards might lead to repercussions. Thus the need for PCI DSS arose. The Payment Card Industry Data Security Standard (PCI DSS) […]
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The next topic in the series will be about Payment as a Service platform Imagine you make a payment for an online purchase. Have you ever noticed and wondered how payments are processed in the back-end and how seamless the online customer experiences are? You got it right, there is a medium by which each […]
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