Digipay Guru

  A massive number of 100 million poor people across the world receive government-to-person (G2P) payment. This huge number in itself shows how important G2P payments are especially for the poor segment of the world population. G2P payments which are also referred to as government social protection payments are the payments made by the government authorities to the people for their welfare. These payments include government transfer payments like social benefits, pensions, and unemployment benefits. It also includes government wages and tax refunds. G2P payments are done across the world; however, the way it’s done differs in various countries. For example, in 90% of the developed nations, G2P payments are done digitally. Whereas, in more than half of the  developing countries , G2P payments are made via cash and checks. But in recent times, governments are moving from a cash-based system to a fully digitized G2P payments system. READ MORE :  Digitizing Government-to-Pers...

Neo Banks have emerged as the latest buzzword in the FinTech industry. It has taken the entire FinTech industry by storm. In a way, it’s redefining the banking sector at once by showing what the possible future of banking could look like. But what exactly is a Neo Bank and why is it such a big deal? In this blog, we are going to discuss the same along with comparing it with traditional banks and digital banks. Furthermore, we will also discuss its top benefits. So, without further ado, let’s begin. What is Neo Banks? Neo Banks can be defined as digital banks that have no physical branch whatsoever. It can be called a truly branchless digital bank. Instead of physical branches, Neo Banks have their presence entirely online. Neo-bank targets tech-savvy users who prefer the majority of money management via their mobile app or other digital media. You can call NeoBanks the FinTech firms which provides a wide range of financial services like money transfers, money lending, mobile-first fina...

DigiPay.guru is the next generation mobile wallet solution provider that is empowering the FinTech companies by offering them with cutting edge features and elaborative use cases. Our goal is to empower future FinTech leaders by providing them with world-class payment solutions that can serve multiple industries. Furthermore, we believe in the continuous improvement of our solution. For this, we are adding newer updates to it to make it more efficient and feature-rich. So continuing this tradition, we have introduced its latest product update in the form of an admin top-up feature. Now, our admins can easily top-up the wallets of their agents and customers. READ MORE : DigiPay.guru introduces the admin top-up feature

  FinTech or Financial Technology has been a game-changer for the payment industry. Over the years, it has successfully transformed the payment industry’s offerings and customer-experience for good. FinTech has satisfied the growing populations of developed countries which use cutting-edge technologies and electronic devices to manage their daily affairs. And now FinTech is doing the same thing in many developing nations. The  African continent  is a prime example of that. However, over the years, Latin America has also emerged as the land of new FinTech opportunities with several FinTech start-ups and enterprises trying to bring a digital payment revolution there. The entire region is experiencing a push toward innovative and upgraded technologies and payment options. Even the stats indicate the same. FinTech start-ups in Latin America have received over  US$ 600M  in VC funding for the year 2017 alone. It’s interesting to note that  56%  of the compa...

  Digital payment technologies have evolved tremendously over the past few years and will continue to do so as the pandemic transforms how people do business. A recent   Rapyd survey   reveals that 60% of consumers will be using digital and   cashless payments   due to growing health concerns. Although its growth potential is promising, shifting to digital payments have created new issues for retailers and businesses, with most customers raising concerns on security, accessibility, and control spending. Are digital payments secure? According to  PR News Wire , over two-thirds of digital payment users are worried about the security of performing online transactions. This is because digital payment services gather their personal information, increasing the risk of suffering data breaches. These systems are also not immune to technical problems and outages that could impact the customers’ access to funds. While electronic payment risks are inevitable, business...

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 electronic form of money has become popular in the market due to its convenience, speed, and ease. With the increasing number of smartphones across the globe, an upsurge has been witnessed in the usage of mobile financial solutions like mobile payment systems or digital wallet solutions. People have started migrating to digital wallets from traditional debit cards and credit cards for their payment needs. Still, there are a few people who feel that the digital wallet is not a safer mode of payment. However, there are some secure digital wallets such as  Google Pay ,  Apple Pay , and  Samsung Pay  that are used globally. But we cannot ignore the security threats that it may pose. So before investing in a digital wallet solution, you need to look at the potential threats they may pose. In this blog, we will discuss the potential user threats of mobile wallet applications. Also, we will show you effective ways to solve them. READ MORE : Potential security thr...