In this vast payment landscape, there is a need for a robust regulatory framework to ensure ethical practices are being followed in the industry. The establishment of the Financial Technology Self-Regulatory Organization (SRO) comes at a crucial stage when multiple fintech platforms are sprawling up across the country.
Payment Orchestration is a digital payments tool to streamline and optimize the payment process, which operates between businesses and merchants, allowing businesses to connect to multiple payment service providers to manage transactions and route them to the suitable provider, all within milli seconds.
A big development for digital payments in India has been announced by the Reserve Bank of India (RBI): users will soon be able to pay merchants via net banking, even if the bank and the merchant's payment aggregator are not directly integrated.
CVV-less payments for tokenized card, the innovative feature introduced by the National Payments Corporation of India (NPCI) for Rupay cards and adapted by major global card networks like Visa and Mastercard is redefining the card transactions in India.
The rise of digital payments and the changing consumer trends with the pandemic have meant that businesses/merchants have been forced to switch quickly from a single […]
By Rajesh Londhe Over the past few years, India has become the epicentre of digital payments. There has been a sharp rise in online transactions, we […]
Digital everything has become the “new normal” over the past two years. The consumer behavior, technology advancements and regulatory policies are collectively pushing the needle for […]
Digital payments whether on mobile or computer, done using card/net banking, UPI or any other payment mode are critical to both online and offline merchants. A […]