QR code payments: What are they, their types, how they work, benefits, and how to accept them
The QR code was first invented in 1994 by the Japanese automobile, Denso Wave, led by Masahiro Hara. It was invented with the sole purpose of tracking vehicles in the manufacturing process. It wasn’t expected that it could be used outside the…
Omnichannel banking: What it is, why it is needed, and how it can be achieved
Nearly 98% of the banks prioritized customer experience at their organization! Why? The reason is simple! Customer preferences and demands evolve with technological advancements. So, if you don’t offer everything that customers need from your bank,…
What is a prepaid card management system & software? A guide for financial institutions
Looking to offer a seamless, secure, and flexible payment option for your customers? A prepaid card management system may be just the solution. For businesses like yours, these systems streamline prepaid card issuance, management, and transaction…
Face recognition in eKYC identity verification
Identity verification is crucial, especially in the financial sector. And the traditional KYC processes for identity verification are often slow, manual, and prone to errors. That’s where eKYC comes into the picture. eKYC, with its advanced features…
Understanding currency corridors: the invisible pathways of money transfer
International remittances are becoming a must in the world of globalization. Transaction values for international remittances grew to almost $29 billion in 2023. This stat proves the above statement. Adding to it, currency corridors are the pathway…
How branchless banking is facilitating financial inclusion?
Branchless banking—or “agency banking,” as it’s often called—is a game-changer for financial inclusion. Imagine accessing your bank account, withdrawing cash, or making payments without ever setting foot in a physical bank branch. This is the vision…
Everything you need to know about Neobank
Neobanking has become a major trend in the banking industry. It's because of the way it redefines the banking sector and showcases how advanced the future of banking can be. Plus, with the increase in the usage of digital payment services and the…
How can online payment solutions help small businesses thrive?
Today, online payment solutions are essential for every business, be it an enterprise or startup. This is because of the speed, convenience, and security it offers. Hence, for a small business, it is like a boon to keep up with customer expectations.…
Guide To Setting Up A Digital Wallet For Your Business
The digital payment landscape is evolving rapidly. This has increased the demand for digital wallets significantly. The transaction value of digital wallets is expected to reach $17tn in 2029! And this stat proves this. This brings a huge opportunity…