Latest Fintech Updates from Pay10 | December 2022

The Big News: Digital Rupee Makes Retail Debut

India is among the very few countries that have taken the lead in launching a digital currency. RBI's e?-R is the digital version of the physical cash, and it will complement rather than replace the existing currency. Digital Rupee is recognised as the legal Tender by RBI and unlike the deposits held in banks, digital rupees are not paid any accrued interest. For more information read our blog Digital Rupee and its Impact on Economy

Pay10: Payments Platform Tailored for your E-Commerce Store

Owing to the increased internet penetration in India and favourable market conditions, e-commerce is to reach USD 350 billion by 2030. The E-Commerce sector requires a sophisticated Payment System that helps create an autonomous system that allows seamless transactions- accepting payments using different payment modes, processing refunds and recurring bill payments, handling vendor commissions, speedy reconciliation, and payment analytics.

• 5 ways to Automate your E-Commerce Business
• Best Payment Platform for Small Businesses
• Fintech Solutions for Luxury Retail Segment

Pay10 Weblogs

• What is Transaction Success Rate and Why it matters: There are several metrics to measure the efficiency of a Payment Gateway, Transaction Success Rate (TSR) is one of the chief metrics to assess and quantify the competence of a Payment Gateway. Understanding the Transaction Success Rate of the Payment Gateway is key to making the right choice. Read our blog to learn about the Transaction Success rate.
• 7 Steps to Know How Payment Gateways Work: Payment Gateways ensures the secured transfer of funds from the issuing account to the acquiring bank account. It is crucial to understand how it functions rendering security convenience and faster transactions. Read our blog to understand how the payment gateway works in simple steps.
• How do Payment Links Benefit the Merchant: Accepting online payments is a necessity today since businesses have moved beyond the boundaries of physical stores. URLs are the most convenient method of accepting payment, apart from that, there are many merchant benefits of Payment Links. Let us begin with understanding, what payment links are, followed by other details that you must know.
• Security Features for Digital Payment: e-payments are transactions that take place online via digital modes without any exchange of hard cash. In this case, both the payer and the payee use the electronic medium to transfer money. Technology has brought us a long way- we just point and click to make a payment that gets processed in a matter of seconds. Click and read our blog about the 4 critical security measures that your Payment Service Providers should offer.

How Can We Help?

Pay10 is a payment aggregator offering innovative and highly efficient e-payment services including Reseller Services, e-payment wallets, e-commerce services, and much more. Pay10 makes digital payments easy, accessible and secure with the help of next-generation technology. Feel free to get in touch with us for more information and to resolve digital payment-related concerns and queries.