Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
In today's digital era, efficiency is key across all aspects of life, especially financial transactions. One sector seeing significant change is utility bill payments, traditionally dominated by cash, checks, and bank transfers. Now, digital wallets are increasingly facilitating these payments, improving user experience and opening new revenue str...
08 July 2024 /payments Fintech World
It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example. Once...
24 June 2024 /security /payments Banking
In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time Passwords (OTPs) for protecting digital transactions. The call for development offers an array of options, offering both increased security and a bet...
13 February 2024 /payments /regulation Finextra site news
The era of tiresome, hidden cross-border payments is ending, giving way to a smooth, digitized future powered by open banking APIs. This blog explores how these new connections alter the financial environment, giving your bank unprecedented growth and consumer happiness. Imagine a future where : Sending money across borders feels as easy as send...
07 February 2024 /payments /regulation Finextra site news
PayNet emerges as a pioneer in the rapidly expanding financial technology industry with its cutting-edge Neo Banking Software Platform. The Buy Now Pay Later (BNPL) platform stands out as a game changer among its variety of new solutions, revolutionizing the way financial institutions work. In this blog article, we'll go over the essential featur...
27 December 2023 /regulation /inclusion Finextra site news
The diversity of payment options has changed dramatically in the fast-paced world of digital transactions. Two popular rivals have emerged among the different choices available: QR Payment and Tap and Pay. Each method has its benefits and reasons, allowing consumers to choose the best option for payment for their needs. We will explore the feature...
19 December 2023 /payments /inclusion Finextra site news
Hello there, e-commerce enthusiasts! If you own an online store, you understand how critical the checkout experience is to the success of your company. And this is where the unsung hero of internet purchasing, the closed-loop wallet, enters the picture. Why Are Closed Loop Wallets Required for E-commerce Platforms? Closed-loop wallets are transfo...
20 November 2023 /regulation /inclusion Fintech World
The world of fintech is constantly changing, and speed is the word of the game. The speed of creation, ease of maintenance, and flexibility to make agile changes are three critical criteria that can make or break the success of a digital wallet application in the fast-paced fintech sector. In this article, we'll look at how having a single code...
01 November 2023 /payments /inclusion Fintech World
In recent years, the expansion of neo-banking in Africa has seen substantial growth and development. There are presently over 450 digital banks in operation throughout the world, and their number and size are fast increasing. In Africa, the lack of dependable banking infrastructure, as well as the pressing requirements of a population living in dif...
09 October 2023 /inclusion Finextra site news
1. Close-loop wallet for merchants - An exclusive digital payment system for transactions within a specified ecosystem, such as a specific brand, store, or service provider, is referred to as a closed-loop wallet for retailers. Users can add money to their wallets or link their payment methods to them, which enables them to make purchases easily i...
14 September 2023 /inclusion Fintech World
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