Abhinav Paliwal CEO at PayNet Systems
As the banking industry continues to evolve, banks are increasingly turning to digital solutions to streamline their operations and provide better services to their clients. One such solution is a corporate banking platform, which can help banks to automate their processes, improve their customer experience, and increase their revenue. However, ch...
13 March 2023
UPI is a system that bunches multiple bank accounts into a single mobile application enabling P2P and P2M fund transfers. India central bank RBI enabled UPI to be now be available for visitors from #G20 countries, who are travelling to India from abroad. This is how it will work 👇 Once your passport and visa will be physically validated - After...
11 February 2023 /payments /retail Innovation in Financial Services
Fintechs have the super high CAC They need high ARPU by acting as one-stop-shops So SuperApps are planning Crypto Rewards — Details 👇 They all are chasing growth in a regulated environment with similar products. They fiercely compete to acquire the customer even at a high cost. One needs a high ARPU to sustain high CAC. In a price-sensitive ma...
22 December 2022 /payments /crypto Digital Banking Trends
Biggest risk of issuing CBDC → Irrelevance e-Naira is Nigeria’s CBDC isn’t getting much adoption Here is WHY Consumers are ignoring CDBT 👇 What is eNaira ? The eNaira is the digital form of a national currency which uses blockchain tech. It is pegged at parity with physical Naira. Central Bank of Nigeria envisaged 🧐 multiple benefits for e-Nair...
01 August 2022 /crypto /markets Cryptocurrency Insights
UK NeoBanking Platform Starling reported its 1st annual profit 💰 $38M PBT (profit before tax) $225M revenue (93% YoY growth) $3.96 bn loan book (45% YoY growth) 600K new customer accounts added The UK fintech unicorn has more than two million customer accounts, including more than 300,000 small business accounts. Its total lending exceeds $ 2Bn ...
25 July 2022 /retail /startups Digital Banking Trends
While COVID has thrown traditional banking operations in disarray but it has also established new fintechs in the financial services business. With the Central bank’s push toward digitalisation, we can safely assume that this trend will inevitably make fintech proliferate deeper into the incumbent bank’s market. Fintechs like Open, Bajaj Financ...
20 June 2022 /payments /retail Open Banking
BNPL is not the same as traditional lending. It creates a rare win-win-win for Consumers, Merchants & Banks. Here are 7 key attributes that make BNPL work as it is meant to 👇�� All these parameters need to be in place, simultaneously 1. POS finance has existed for a long time. This usually involves a loan application which is then approved ...
14 June 2022 /payments /startups Banking and Lending Solutions
While COVID has thrown traditional banking operations in disarray but it has also established new fintechs in the financial services business. With the Central bank’s push toward digitalisation, we can safely assume that this trend will inevitably make fintech proliferate deeper into the incumbent bank’s market. Fintechs like Open, Bajaj Finan...
06 May 2022 /retail /markets Digital Banking Trends
With digitisation taking over the world, people have moved to a digital-first approach. Hence, businesses have also evolved with changing customer needs. This transition has already happened in all industries, including retail banks. Retail banks have transitioned from brick and mortar and extended their presence digitally with multi-channel strate...
03 May 2022 /retail /startups Online Banking
During the Industrial Revolution, companies attempted to maximize the output of their factories by keeping them running as many hours as possible, Typically implementing a “Sun up to Sun down” workday. ----------------------------------------------------------------------------------------------------------------------------------------------- ...
02 May 2022 /people /startups Business
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