Digipay Guru

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

  COVID-19 pandemic has caused havoc to our professional and social life. This contagious disease has forced us to take unprecedented actions which have caused massive losses to almost every business sector. The banking sector is also not spared from its wrath. The  reports  show that the overall losses in the banking sector can exceed that of the 2008 global financial crisis by about 60%. It’s quite obvious that with such massive impact would easily trickle down to agency banking as well.  Agency banking  which is viewed as a bullet-proof method of financial inclusion in many developing nations is also facing the adverse effect of the pandemic. READ MORE : 6 ways to transform Agency banking into a low-touch channel in the times of COVID-19

DigiPay is a next-gen   mobile wallet solution   which aims to bring a revolution in the FinTech and digital payment landscape with its unique and advanced offerings. Over the years, DigiPay has earned a reputation by delivering top-notch digital wallet and   FinTech solutions   to its clients. Moreover, we always believe in making our solutions more robust and advanced by adding newer updates. Continuing that tradition, DigiPay has introduced a new product update in the form of  customer loyalty programs . With this update, all our existing and future clients can leverage customer loyalty features to skyrocket their profits and customer base. This feature will also play a pivotal role in attracting new customers and retaining the existing ones. So, without any further ado, let’s understand what this update is all about and how can our clients utilize to the maximum effect. READ MORE : DigiPay introduces customer loyalty programs into its mobile wallet solution ...

  In today’s world of cut-throat competition, every interaction with the customer matters as it provides you with an opportunity to leave an everlasting impression on them. Almost all the major companies in the world believe and implement this philosophy. There are many companies that have extensively focused on customer satisfaction by offering innovative products and services. For example, Alibaba and Amazon have changed the way people shop. Similarly, WhatsApp and Facebook have changed the way we connect with people across the world. In the industry of financial services, customers are always at the centre of all key operations. Financial institutions incessantly try to improve and come up with better methods to attract and retain customers. However, it does come with its sets of challenges as customers expect the same convenience at  banks and financial institutes  that they experience with that of Amazon and Facebook. Nowadays, customers put banks and financial insti...

According to a report by the World Bank, around  1.7 billion  adults in the world remain unbanked as they don’t have a bank account. Back in 2014, this number was 2 billion. To fight this grim reality the governments of many countries have started to aggressively focus on financial inclusion. At the same time, it’s also important to understand that availing banking services is not easy for all. Almost 59% of unbanked adults have stated the lack of affordable banking service as the major reason for them to not have an account. In addition to that, the exhausting documentation process makes the matter worse for the unbanked people. But with the latest FinTech developments, banking is all set to change forever. The combination of internet and smartphone penetration has served well for the financial industry, especially the banking sector. It has empowered banks to offer their services to a person irrespective of his location. This new phenomenon is called branchless ba...

Cash is king! This quote is facing a serious threat as the world is marching towards becoming a cashless society. The recent trends suggest that  digital money  will soon replace physical cash. Many countries are making active efforts to remove cash in circulation – Sweden is its prime example. In Sweden, Cash is no longer a king! That’s why it’s also known as the pioneer of the cashless society. In Sweden, buses haven’t taken cash for years. 900 out of Sweden’s 1600 bank branches don’t accept cash deposits. The impact of cashless payments is not only limited to Sweden. The graph below shows an increase in cashless transactions over the years in different regions. Original Source :  Moving towards a Cashless society: Types and major benefits

I precisely remember the first time when I saw a QR code. I thought that it was just a fancier version of a barcode. Later on, I was pleasantly surprised to see how different and advanced this technology turned out to be. Today, we all are well familiar with the iconic black and white square design of a QR code. The increased penetration of smartphones and access to high-speed internet has led to the massive adoption of the QR codes. That’s the reason why we see it almost everywhere whether it’s for shopping, movies, ads, etc. According to research by Statista, around 11 million households in the US alone will scan a QR code in the year 2020. This number is way more than 9.76 million scans which were recorded in the year 2018. Original Source :  Everything you need to know about QR Code Payments