Digipay Guru

Cutting-edge technology and evolution in FinTech sector have completely transformed the way banks operate today. It has made banking simple, convenient, and fast for users by digitizing most of the banking operations. The impact of technology on traditional banking has been something of a mixed bag. On the one hand,  Neobanks  are posing existential threats to the traditional banks. Whereas, on the other hand, mobile banking is helping banks to streamline their workflow, increase efficiency, reduce costs, and get access to wider audiences. Mobile banking is surely a win-win for both banks and users. Below are a few  stats  that show the prominence and potential of mobile banking: READ MORE :  Transforming banks across the globe

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

  We all remember those childhood days when landlines and mobile phones used to be a big deal. The technology which enabled us to talk with our friends and loved ones anywhere and anytime was perceived as a huge upgrade from writing letters that would take days or even weeks to reach to the receiver. This was precisely the reason why the telecom industry emerged as the most powerful force of transformation. To give you the perspective, it would be safe to say that it was as powerful as today’s cutting-edge technology like Artificial intelligence, IoT, Banking APIs, etc. Cut to the current times, when telecom infrastructure is no longer an attractive marketing proposition. It’s because connectivity and communication have become a necessity rather than a luxury. As per  Statista , there are around 4.66 billion internet users across the world. According to the International Telecommunications Union (ITU), around 97% of the world’s population has the access to the mobile cellular ...

  About Alliance Mobile Solutions is a FinTech startup based in the Bahamas. It aims to offer utmost ease and convenience in person-to-person transfer, bill payments, and merchant payment services via a robust mobile wallet solution. Challenges For top-up and bill-payments, clients had to manually add external vendors and products. However, this task was proving to be very time-consuming. This also meant that if the client decides to expand its services across the globe then he has to add every external vendor manually, which would be simply impractical. So, it was a huge challenge for us to make this task quick and feasible. Read more : F eature-rich digital wallet solution

  What’s your definition of a successful mobile wallet? Your answer might be something like this – a mobile wallet which makes payment easy, fast, and secure by leveraging state-of-the-art technologies and cutting-edge features. This definition is absolutely right. However, one must understand that only those mobile wallets taste the success which manages to achieve higher adoption. And you would agree that when it comes to wider adoption of any product or service then cutting-edge technology takes the backseat. And this is quite evident from the success of popular mobile wallets such as Android Pay, PayPal, Samsung Pay, etc. There’s no doubt that these wallets were empowered with cutting-edge tech. However, these wallets were able to make breakthrough only because of their excellent mobile wallet marketing strategies which involve exciting surprises, engaging experiences, rewards, loyalty points, etc. In a nutshell, mobile wallet marketing is a key aspect for the success of any mo...

  The landscape of FinTech is changing at a lightning speed. With each passing day, we are encountering a radical change in the FinTech industry. These transformations are important as they impact everything related to payments, money, and banking. We experience many of these FinTech transformations on the daily basis like when we withdraw money from ATM, use virtual cards, transfer money through mobile payment, make payments via digital wallets, and many more. Moreover, with the introduction of cutting-edge technologies, the  horizon of FinTech is expanding  more rapidly than ever. When the COVID-19 pandemic hit the world, the majority of the businesses declined. There were only a few businesses which showed the upward trend and FinTech industry was one of them. The pandemic caused a huge surge in the FinTech market as both businesses and consumers started to utilize  contactless payment  methods. Moreover, in the banking sector,  agency banking  beca...

  We are living in the time of a great transition. The transition from cash to cashless. The   digital payment solutions   have challenged the century-old supremacy of cash with the help of cutting-edge technology which makes payments simple, fast, and secure. This is the reason why we are seeing many industry verticals going cashless. Following the footsteps eCommerce, food delivery, and taxi industry, the amusement park industry is also adopting  cashless payment solutions  at a large scale. Over the past few years, many amusement parks around the world have started to leverage cashless RFID ticketing solutions. The trend began with Disney when they started issuing MagicBand in the year 2013. Soon a lot of amusement parks did the same. Many of you might think that using regular paper tickets might be a cheaper option for the theme parks. However, RFID cards and wristbands offer a way more benefits. In this article, we are going to see how RFID based cashless s...

  Over the years, digital technology has disrupted several industries. However, its foray and disruption in the banking sector has caused a massive transformation in the way consumers do banking. Nowadays, basic transactions in banks are speedily migrating from the physical to the digital channels. Even the big names like  Apple ,  Google ,  Amazon , and  Facebook  are showing greater interest in the banking sector. A majority of banks have adopted the omnichannel approach at the core of their strategies. It’s because banks have understood that ease, innovation, simplicity, and accessibility of platforms provided by  FinTech  companies can influence the customer behaviours quite strongly. Apart from that, it’s also the fact that most of the customers are now exclusively using digital channels like mobile banking and internet banking. Customer’s expectations for banking services have drastically changed due to the experiences offered by the online ...