Digipay Guru

  In today’s digital era, people demand the freedom to purchase anything from anywhere without having to carry cash in their pockets. With the emergence of smartphones, faster internet connection, and mobile banking, technology is evolving towards making payment methods digital. People are gradually moving away from traditional forms of payment and turning to more advanced methods like credit cards, net banking, and e-wallets. Digital Transformation is driving innovation in the e-wallet market by providing users with innovative and creative financial management applications. Entering the wallet industry is a sensible move as it is the  future of digital banking  and proving to be a boon for users at both ends — customers and merchants. Since a digital wallet keeps track of each transaction and gives a wide range of discounts and cashback, it is one of the best forms of payment method. If you are thinking of launching a digital wallet app, you will need to put in a lot of ...

Technological advancement and the availability of the Internet of Things have brought a revolution in the banking and finance sectors. As one-third of the world’s population is connected to the Internet with more than 700 million mobile connections, it is the ideal option to invest in mobile money. Mobile money has been touted as the revolutionary tool for expanding financial services in low-resource countries like Egypt and Bahrain. With just a mobile phone, the users can quickly transfer money with a click and without needing any access to an existing bank account. As of January 2022, two-thirds of the global mobile money business model were driven by users in the regions, with a value of 25 billion dollars. READ MORE  :  Spotlighting opportunities and challenges of doing mobile money business in Middle East

  FinTech is no longer a jargon of the banking industry. Instead, it has become a familiar term in technology in general. The Global investments in FinTech ventures has doubled to a whopping $112 billion as compared to $51 billion last year. This is more than an evidence to prove that the digital revolution is at the doorsteps of financial services sector. This revolution is having a huge impact on all the banks and financial institutions globally. But what actually FinTech is? Let’s see. What is FinTech? The term FinTech is derived by joining two words which are financial services and digital technology. In a nutshell, FinTech simply prompts the use of digital technology by startups to come up with innovative products and services such as  mobile payments , alternative finance, online banking, big data, and overall financial management. FinTech was introduced as a technology that was used at the back-end systems of financial institutions and banks. However, since then its def...

The popularity of digital payments and the convergence of innovative technologies play a significant role in digital wallet development. Mobile phone is a major driver of this fundamental shift in customer experience. Your customer has switched their behavior from swapping payment cards to tapping on their smartphones. All the businesses are embracing the change in customer behavior.  Contactless payments solutions  and convenient payment mechanisms provide you an opportunity to address the needs of your consumers. Here is a chance you can eradicate the need to carry cash, queue in shops for paying bills, remember the number of PINs and passwords. Your digital wallet payment solution can be integrated with some unique features which we are going to discuss in this blog to make the checkout process quick and seamless. In the era of mobile payment services, your consumers are expecting the smarter and quicker way to pay and hence giving you an opportunity to capitalize on creati...

Reserve bank of India (RBI), India’s central bank and regulatory body, has made a remarkable move for the Fintech industry in India. RBI has issued a new framework UPI123Pay that enables users for offline digital payments for featured phones. This move will significantly boost the digital payment methods and people will be more aware of various modes of digital payments. So what are you waiting for! Let’s quickly peek into the details of guidelines and see how this move can help you in your business to prospect more. Reserve bank of India issued a ‘Statement on Developmental and Regulatory Policies’ with three pilots in three different regions of India to test with small value-based transactions.  With the proven results, the RBI has concluded it fit to issue and introduce the solution and framework for the public interest. READ MORE :  Make Payment without Internet & Smartphone

  About Coincidently, our client has the same name as ours. The only similarity that he lacks in the name is “.guru”. Our client “DigiPay” is a leading e-wallet service provider in African Ivory Coast backed by Digital Afrique Telecom (DAT). DAT has launched a subdomain “DigiPay” intending to provide a transaction processing platform for the people of Ivory Coast to easily send-receive money and boost cashless payments in the country. DigiPay is a payment and money transfer service provider approved by the Central Bank of West African States (BCEAO). Moreover, along with allowing to send-receive, deposit-withdraw funds, our client connects its customers to various users communities and offers a comprehensive suite of smart, simple, and secure solutions for your financing and budget management needs at a lower cost. The application is more than what other e-wallet applications are available in the market. It has unique features, an extra layer of security to protect its customers, a...

A secure financial system is one that does what it is supposed to. And it is supposed to empower all stakeholders and ensure a secure and seamless environment for digital payments. Tokenization is a modern and trusted technology in the digital payment industry that brings together both convenience and security for every customer. Today we are going to learn about tokenization, the revolution it is bringing into the financial system, and why it is a need for  digital wallet solution  providers. The increased use of mobile has increased the use of the internet & online shopping across the globe. This led to an increase in fraudulent activities which has resulted in a challenge for the credit/debit card industry. Identity theft, affiliate and clean, phishing, pagejacking, counter-attacks, merchant and triangulations are some shouting threats and frauds for businesses and customers both. Tokenization helps ensure the continuity of customer experience, protects businesses from ...