Digipay Guru

  In today’s digital era, people demand the freedom to purchase anything from anywhere without having to carry cash in their pockets. With the emergence of smartphones, faster internet connection, and mobile banking, technology is evolving towards making payment methods digital. People are gradually moving away from traditional forms of payment and turning to more advanced methods like credit cards, net banking, and e-wallets. Digital Transformation is driving innovation in the e-wallet market by providing users with innovative and creative financial management applications. Entering the wallet industry is a sensible move as it is the  future of digital banking  and proving to be a boon for users at both ends — customers and merchants. Since a digital wallet keeps track of each transaction and gives a wide range of discounts and cashback, it is one of the best forms of payment method. If you are thinking of launching a digital wallet app, you will need to put in a lot of ...

Technological advancement and the availability of the Internet of Things have brought a revolution in the banking and finance sectors. As one-third of the world’s population is connected to the Internet with more than 700 million mobile connections, it is the ideal option to invest in mobile money. Mobile money has been touted as the revolutionary tool for expanding financial services in low-resource countries like Egypt and Bahrain. With just a mobile phone, the users can quickly transfer money with a click and without needing any access to an existing bank account. As of January 2022, two-thirds of the global mobile money business model were driven by users in the regions, with a value of 25 billion dollars. READ MORE  :  Spotlighting opportunities and challenges of doing mobile money business in Middle East

  FinTech is no longer a jargon of the banking industry. Instead, it has become a familiar term in technology in general. The Global investments in FinTech ventures has doubled to a whopping $112 billion as compared to $51 billion last year. This is more than an evidence to prove that the digital revolution is at the doorsteps of financial services sector. This revolution is having a huge impact on all the banks and financial institutions globally. But what actually FinTech is? Let’s see. What is FinTech? The term FinTech is derived by joining two words which are financial services and digital technology. In a nutshell, FinTech simply prompts the use of digital technology by startups to come up with innovative products and services such as  mobile payments , alternative finance, online banking, big data, and overall financial management. FinTech was introduced as a technology that was used at the back-end systems of financial institutions and banks. However, since then its def...

Reserve bank of India (RBI), India’s central bank and regulatory body, has made a remarkable move for the Fintech industry in India. RBI has issued a new framework UPI123Pay that enables users for offline digital payments for featured phones. This move will significantly boost the digital payment methods and people will be more aware of various modes of digital payments. So what are you waiting for! Let’s quickly peek into the details of guidelines and see how this move can help you in your business to prospect more. Reserve bank of India issued a ‘Statement on Developmental and Regulatory Policies’ with three pilots in three different regions of India to test with small value-based transactions.  With the proven results, the RBI has concluded it fit to issue and introduce the solution and framework for the public interest. READ MORE :  Make Payment without Internet & Smartphone

  About Coincidently, our client has the same name as ours. The only similarity that he lacks in the name is “.guru”. Our client “DigiPay” is a leading e-wallet service provider in African Ivory Coast backed by Digital Afrique Telecom (DAT). DAT has launched a subdomain “DigiPay” intending to provide a transaction processing platform for the people of Ivory Coast to easily send-receive money and boost cashless payments in the country. DigiPay is a payment and money transfer service provider approved by the Central Bank of West African States (BCEAO). Moreover, along with allowing to send-receive, deposit-withdraw funds, our client connects its customers to various users communities and offers a comprehensive suite of smart, simple, and secure solutions for your financing and budget management needs at a lower cost. The application is more than what other e-wallet applications are available in the market. It has unique features, an extra layer of security to protect its customers, a...

  For many families that live in the developing countries, the money sent by their migrant relatives is nothing less than a lifeline. One in every nine people globally sustains on these funds sent by the migrant workers. On a larger scale, international remittance has become a prime contributor in the GDP of many Low and Middle Income Countries (LMICs). Only in 2018, more than  200 million migrant workers sent over $689 billion  to their respective countries. Out of the total amount, $529 billion went to developing countries. The amount sent by the migrants constitutes only 15% of their total earnings. However, the interesting point to note is that the small proportion of migrant’s earnings makes up to almost 60% of his family’s household income. READ MORE  : How did FinTech transformed international remittance?

  According to the   Financial Times , 2018 was the year of the ‘silent revolution’ in the field of Open Banking Services. This pushed large banks to allow their clients to share their transaction data with other parties under new guidelines. Such measures will drive a wave of open data, putting   $416 billion   of revenue at stake. Open Banking is not simply another business phrase, and if you don’t want to fall behind, you need to start learning about it today. Here is an introductory piece to help you hop on the journey of creating Open Banking solutions by explaining the new paradigm and its effect on the banking sector. If you look at the  digital payment trends  the worldwide open banking industry will grow at a compound annual growth rate (CAGR) of 28.4%. The open banking sector rose from $11.79 billion in 2020 to  $15.13 billion in 2021 . The reversal in growth trajectory is mostly due to enterprises stabilizing their output following the epide...

Even as the world coped with putting 2020 behind, the second wave of the pandemic and the Omicron scare have concluded 2021. However, 2021 has been the most incredible year to remember for the Indian Tech Industry and the start-up ecosystem. From banks limiting their branch access and hours to the fear of contaminating currency and coins, digital wallets fast-tracked the changing relations between the banks and the consumers. DigiPay.Guru played a prominent role by integrating  contactless payment solutions – to banks, entrepreneurs and end-users. We have unlocked many new enhancements with innovative features while facilitating the users to perform financial transactions in a few taps. READ MORE : DigiPay.Guru – A year to remember 2021

AfterPay, Klarna, Affirm, and more are garnering a lot of press value in recent times as consumers show aversion towards debt accumulation. Let the number talk about the in-focus buzz of the Buy Now Pay Later app in and around the   FinTech solutions . The above-mentioned data has been sourced from  Cornerstone Advisors . As per the data, the number of Gen Z populace in the U.S. leveraging Buy Now Pay Later has increased by as much as six times to nearly 36% in 2021 from 6% in 2019. Besides this, millennials are the target audience of the Buy Now Pay Later model at least twice from 2019. It has reached nearly 41% in 2021 in the U.S. Not only does the Buy Now Pay Later model become popular as an integrated solution but also as an  e-wallet solution . It has joined the league of the mainstream  mobile banking solutions  and is now about to reign the digital payment vicinity. READ MORE :  Buy Now Pay Later: The Model Changing the Way Credit Works

  DigiPay.Guru has contributed significantly to reshape the future of fintech and digital payment solutions in many parts of the world. We look forward to participating in global events to gain a perspective of different experiences and challenges that we can solve with our solutions. DigiPay.Guru is back from Seamless Middle East 2021, with vast knowledge from industry experts and entrepreneurs from different parts of the world. About Seamless 2021 For 21 years, Seamless has been a global event, a meeting place for some of the brightest minds in the world of Payments, Fintech, Banking, Retail, E-Commerce, Cards, and Identity industries. This year, the event took place at the World Trade Center, Dubai, UAE from 29th-30th September 2021. Seamless was a power-packed event filled with over 300 speakers, a global conference, and a chance to network with some of the biggest names in the fintech world like Morgan Stanley, Citibank, Gulf International Bank, Arab National Bank, Standard Ch...

DigiPay.guru is glad to announce the latest product update as a versatile virtual prepaid card as a part of extending this tradition. Now, DigiPay.guru’s clients can pay seamlessly in a fast, secure and simple manner. But before we get into the details of the latest product update, let’s understand the meaning of a virtual prepaid card first. A brief overview of virtual prepaid card As the name suggests, virtual prepaid card is a contemporary one-time debit card that has no physical existence. You can use it to carry out online transactions only. So basically, a virtual prepaid card comprises a unique 16-digit card number, CVV and valid date that has been exclusively created for remote purchases. Apart from this, you can create a unique virtual prepaid card for every user or the user can create multiple virtual prepaid cards. You can set an expiration date or restrict the usage of virtual prepaid cards to particular suppliers or merchants. After getting an insight into virtual prepaid ...

  The COVID-19 pandemic has created unforeseen challenges for the global economy. The sharp decline in global business, liquidity issues, difficulties in accessing credit, disrupted income streams, bad debts, and lack of access to finance. Consumers without access to basic banking services have been the most affected. In the purview of future contingencies such as the COVID-19, banks and payment companies have  adopted an omnichannel strategy , which is agnostic and can serve the clients. This is where branchless banking offers innovative distribution while seamlessly speeding up reach. But to go branchless, traditional banks have to adopt a  branchless banking solution  to provide best in class services to their customers. And if you are a bank, then adoption of a branchless banking business model is the best choice for you. In this blog, we will provide you with a brief introduction of branchless banking. Also, we will show the challenges of the traditional banking...