UPI has been instrumental in pushing India toward a digital economy, and the increasing use of the payment mode in daily transactions is a testament to its success. The new mandate has been an add-on to the existing benefits of the Unified Payment Interface, enabling customers to link their credit card and loan account and access them via UPI. Additionally, UPI customers will have more flexibility and convenience in the management of their funds.
The FinTech industry is driven to diversify payment methods to increase access and efficiency for a frictionless payment experience for both, the consumer, and the merchant. The future of the Travel & Hospitality industry in the digital age requires diligent participation and adaptation of new innovations at scale, by all relevant stakeholders.
- A Comprehensive Guide to Understanding IMPS: Over the years, internet banking has grown by leaps and bounds. Net banking, also known as Internet banking, is an electronic system enabling customers to access financial and non-financial banking products online. Out of many different payment methods, IMPs is amongst the most used payment method since 2010. Read the blog to know more about the features and functions of IMPS.
- How Do Local Payment Methods Increase Conversion Rates for eCommerce Businesses: Having multiple local payment methods for an e-Commerce business is generally considered a good business sense. Local or alternate payment methods can help you prevent chargeback and other potential setbacks. These methods can help improve the customer experience by making it more convenient and familiar for them to complete transactions on an e-Commerce website. Read on to know how local payment methods can increase the conversion rate for businesses.
- India’s Digital Payments System shifts Global perspective: Digital Payments System in the country has been steadily on an upward curve over the past few decades, with the introduction of UPI (United Payments Interface). The digital payments innovation in the country is a major asset that drives the shift to support the progressing economy. Read the blog to know how Digital Payments in India have enhanced the country’s prospects as an emerging market. · Payment Gateway API- Definition, Features, & Business Advantages: Application Programming Interface (API) is a software intermediary that allows two applications (apps) to talk to each other. It connects the business’s checkout page to the Payment System availed and integrated by the business. Read the blog to understand the features and business advantages of using Payment Gateway API.
- Payment Gateway API- Definition, Features, & Business Advantages: Application Programming Interface (API) is a software intermediary that allows two applications (apps) to talk to each other. It connects the business’s checkout page to the Payment System availed and integrated by the business. Read the blog to understand the features and business advantages of using Payment Gateway API.
- Payment Gateway Benefits for Micro, Small, & Medium Enterprises: For inclusive growth, Digitalization needs to reach the underbanked and unbanked demographics of the country. The micro sector alone includes 630.5 Lakh enterprises and around 52.3% of the micro-enterprises are in rural areas. The MSMEs contribute roughly 30% of the national GDP. Read the blog to know how digital payment inclusivity provides an optimal solution for driving MSMEs’ expansion in India. ·
- Hosted or Self-Hosted: Which payment Gateway should you Choose: Security has always been at the forefront of consumers when they make any purchase online. With the increase in data breaches and monetary fraud, there are many initiatives that are being taken to educate people about the modus operandi of money laundering. Before a merchant chooses the best payment gateway for their website, it is imperative to understand the type of payment gateways based on payment flow. Read the blog till the end to know more.
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.
