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

  The COVID-19 pandemic is now perhaps regarded as an economic catastrophe more than a health catastrophe. It’s due to the fact it has adversely impacted almost all the business sectors around the world. Giant corporates announcing layoffs and stopping their operations in many countries shows how big of an impact of this pandemic has had on the world economy in general. COVID-19 pandemic has also impacted the  payment industry , especially the global remittances which are considered as one of the key forms of financial inflows in the developing nations. According to the  World Bank , there has been a sharp decline of around  20 per cent  in the global remittances due to COVID-19 pandemic. This fall is considered as the sharpest decline in recent history and the main reason behind it is the drop in the wages and salaries of migrant workers. Here, it’s important to understand that the migrant workers are most vulnerable to lose their employment during such an econ...

  If you’re an adult living in an urban region of any corner of the world, then you’ll be well aware of the banks. Most probably you’ll have one or multiple bank accounts. Also, you might think that who doesn’t have a bank account in today’s day and age. However, that’s not the reality in many remote and rural areas of the world. According to the  World Bank , there are around  1.7 billion  unbanked adults in the world. The major reason for this astounding number is lack of awareness, access, convenience, steady income, and trust. Trust is a huge factor as it keeps people unbanked even if they have access to banking facilities. All the major factors mentioned above along with the lack of trust in mainstream banking have given birth to some innovative and novel alternatives to banking. SACCOs is one such alternative which is doing wonders when it comes to the  boosting financial inclusion  in urban and rural areas of developing nations. As per the  2014...

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 ...

  Even before the COVID-19 pandemic inflicted a massive health and econsomic catastrophe, contactless payments were already a widely used payment method. However, once the businesses reopened, they had to keep in mind the germ-conscious customers and adapt to the new normal of social distancing. Contactless payments have emerged as an essential solution for all the businesses as it enables them to drive their business forward along with ensuring safety to  combat the coronavirus pandemic . According to a  survey  that took place in mid March, around 30% of the respondents have started to use contactless payments since the pandemic began. And 70% of those users are likely to continue using contactless payments post-COVID-19. COVID-19 pandemic has actually acted as a catalyst in the adoption of contactless payments. But how? Let’s have a look. READ MORE : How contactless payments are driving digital payment services in times of COVID-19

With each passing day, we are   moving towards a cashless society , where all kinds of payments are made digitally. Today making digital payments for all our daily tasks has become the new normal and in coming years we might totally depend on it thus eradicating cash payments. The evolving payment infrastructure and various FinTech innovations are unlocking numerous digital payment avenues which were earlier untapped. In recent years, parking payments is one such avenue that has drawn the attention of many FinTechs and  digital payment solution  providers. Making digital payments at parking garages might sound fancy to many. But in reality, users and parking space owners are embracing this idea with their both hands. In this blog, we will discuss in detail about the rise of digital parking solution, it is working, and its multiple benefits for both users and parking space owners. READ MORE : What is digital parking and what are its benefits?

  The coronavirus pandemic has impacted several facets of our lives like never before. The pandemic has literally halted most of the human activities for weeks. The current situation is unprecedented for a globalised world whose economy depends so much on the global collaborations. With no international travel and lockdowns imposed in most parts of the world, the economy is suffering. According to some experts, we might be facing a recession worse than that of 2008. The exponential downfall in major industry vertical complies with the expert’s predictions. Coronavirus pandemic is like a nightmare for most of the industry verticals and payments industry is no exception. Many of you might think that with digital and  contactless payments , things won’t be that bad. However, it’s not that easy. In this article, we will discuss the impact of coronavirus on payment industry and will also focus on how it can recover from this pandemic. READ MORE :  How payments can combat coron...

With mobile payment becoming a reality more people are choosing it for various reasons like staying card-free, promoting cashless economy and leveraging order-in-one-click technology. Peer-to-Peer payment apps (P2P) are essential to accelerate and optimize all sorts of mobile payment like sending remittances, bills splitting, trip bookings and even for expenditure management. Indeed, the financial technology gets revamped when you  build a payment application  as it allows users to pay money using peer-to-peer payment apps, mobile wallet apps, cryptocurrency platforms and m-commerce apps. It is no shocker that more than 62% of American millennials users prefer P2P mobile payments as they are fast, convenient, and secure. What is peer to peer payment App? Peer to peer or P2P payments forms a transactions that can be anything from splitting a $50 lunch bill with your colleagues to even paying for rent and gas. It is a peer to peer payment platform t...