Digipay Guru

The cradle of human civilization – Africa is continuously showing economic development for the past few decades.  Many nations have emerged as a shining beacon of progress in the African continent. It won’t be wrong to say that this prosperity and economic development is driven by the increase in the remittance payments in the continent. After all, remittance is the best indicator to show the relationship between migration and development. As per World Development Indicators 2019 database of 80 developing countries for the period of 1974-2014, an average 1 per cent increase in remittance can raise the GDP of the country by almost 0.07 per cent in the long run. Another  study  by Pew Research Remittance shows that 8 out of the 10 fastest-growing populations of expats are nationals of the countries from the sub-Saharan Africa region. This expat population can be one of the major reasons behind the increased  cross-border remittance transfers  in future years. READ...

At Digipay we constanṣtly strive to excellence by providing our clients with robust digital FinTech solutions.  We are providing our services to banks, small businesses, FMCGs, mobile wallet providers, e-commerce businesses, etc.  The only aim of our highly skilled professionals is to provide robust digital wallet solutions to our customers. Recently, the popular app review and rating agency Appstory has featured our  CEO Shahid Mansuri’s interview . Appstory publishes its review on various topics such as IoT, Blockchain, AR, VR, Cryptocurrency, etc. It also takes the interview of the key persons of many leading software development companies. In his interview with Appstory, Mr Mansuri has shared his views on the digital payment domains and his views on his life. At the beginning of the interview, Mr Mansuri gave detailed information about which services they are offering. Also, he explained how they are providing a round the clock support to their customers for resolving...

  Making payments seem easy as we do this activity all the time whether it’s paying bills, rent, fares, tickets, and many more.  But what if I tell you that you have to make payments to hundreds of people at once? Sounds difficult? Isn’t it? Making payments to such a massive number of payees efficiently and without any error is a tough ask. This tough task is known as bulk payments. Companies and government authorities have to make bulk payments quite frequently. Bulk payments generally include commissions, payrolls, contractors, etc.  This is exactly what makes bulk payments challenging because these types of payments must be devoid of any kind of error or delay since it’s the livelihood of several people. READ MORE : Overcoming bulk payment challenges with an advanced bulk payment solution

  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...

  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...

  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...

  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...