Digipay Guru

  FinTech or Financial Technology has been a game-changer for the payment industry. Over the years, it has successfully transformed the payment industry’s offerings and customer-experience for good. FinTech has satisfied the growing populations of developed countries which use cutting-edge technologies and electronic devices to manage their daily affairs. And now FinTech is doing the same thing in many developing nations. The  African continent  is a prime example of that. However, over the years, Latin America has also emerged as the land of new FinTech opportunities with several FinTech start-ups and enterprises trying to bring a digital payment revolution there. The entire region is experiencing a push toward innovative and upgraded technologies and payment options. Even the stats indicate the same. FinTech start-ups in Latin America have received over  US$ 600M  in VC funding for the year 2017 alone. It’s interesting to note that  56%  of the compa...

  Digital payment technologies have evolved tremendously over the past few years and will continue to do so as the pandemic transforms how people do business. A recent   Rapyd survey   reveals that 60% of consumers will be using digital and   cashless payments   due to growing health concerns. Although its growth potential is promising, shifting to digital payments have created new issues for retailers and businesses, with most customers raising concerns on security, accessibility, and control spending. Are digital payments secure? According to  PR News Wire , over two-thirds of digital payment users are worried about the security of performing online transactions. This is because digital payment services gather their personal information, increasing the risk of suffering data breaches. These systems are also not immune to technical problems and outages that could impact the customers’ access to funds. While electronic payment risks are inevitable, business...

The COVID-19 pandemic has majorly affected all our lives. Use of masks, sanitizers, and following social distancing protocols has become part of our daily lives. Even the businesses have adopted social distancing norms to survive in these dire times. Switching to social distancing mode has been difficult for those businesses which rely more on cash transactions and other payment modes which involve physical touch. The retail industry is a perfect example of this. However, the retail industry has found its saviour in the form of contactless payments. In this article, we will see how  contactless payments  are becoming the new normal for the retail industry. READ MORE :  How contactless payments are becoming the “new normal” for the retail industry