Prepaid Payment Instruments (PPIs) startups have been popular in recent years, but many of them have also faced challenges. In this blog, we will examine the rise and fall of PPI startups and explore the reasons why some have succeeded while others have not. We'll delve into the complex dynamics

Aadhaar card is used universally in India for the process of authentication; be it while booking tickets for traveling, opening a bank account, or checking in a hotel. While it has eased the process of verification and eliminating duplicate identities, it was observed that there were a lot of cases

Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows person-to-person and person-to-merchant transactions. In the digitalization world, it has played a significant role as payments can be made digitally anywhere. Initially, the payments were directly made from the bank

Digital transformation in financial services is extremely important to the success of businesses. Here's all you have to know. Technology is transforming companies in various ways, and the general fear is that those who do not adopt the newest technologies will soon fall behind. If you're looking for a term

According to a McKinsey survey, about 60% of occupations have at least 30% of their activities that are automatable using RPA. RPA technology, or Robotic Process Automation, lets you feed a machine with instructions about how to execute mundane, repetitive tasks that are rule-based and trigger-driven. The 'robot' here is

Rise of UPIIn April 2009 with the objective to integrate all the payment mechanisms available in the country and make them uniform for retail payments, the National Payment Corporation of India was formed. By March 2011, RBI found out that in India only six non-cash transactions happen every year per

India's Finance Minister Nirmala Sitharaman announced in her Budget 2022 speech that the Reserve Bank of India (RBI) would be issuing The Central Bank Digital Currency (CBDC) in the upcoming financial year 2022-2023. As the name suggests, the Digital Rupee is a form of electronic money that people can use

Every banking customer's journey is an experience in itself, and users expect the best service from the start. Technology plays a critical role in the customer's journey, and the pandemic has increased digital adoption across the globe. Banks and insurance companies have quickly responded with digital transformation to provide customers