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Learn how payment apps are driving fintech frenzy in India, Increase in payment apps have made transaction easy, fast & secure. Read more on how fintech are leveraging mobile payments apps only at Finserv MARKETS.
Payments in India are taking new, innovative turns and most of the prime players are using convenience and transparency as the driving force. Boosted by increasing digital penetration, the payments industry has the potential to see immense growth in the coming years.
The growth of prepaid payment instruments or PPIs will usher in a new age for the Indian economy. However, some top platforms, are already incorporating innovations and making their mark in the industry.
As India expands its digital payment scene, a platform like Finserv MARKETS has become essential in helping Indians to shop online like never before. As increased digital penetration and e-commerce growth takes India by storm, so will the digital payments space.
The spread of Prepaid Payment Instruments or PPIs can open a world of possibilities for Indian consumers. This is largely why platforms that foster increased convenience and accessibility are a step in the right direction.
India has become the country with most advanced system of payments in the world. This giant leap has been powered by UPI (Universal Payment Interface) and IMPS (IMmediate Payment System).
UPI has turned out to be an accessible mode of payment as it can be done with much ease. Here, we will look at how it can help better facilitate your transactions.
While net banking completely changed the way banking transactions were carried in India, the advent of UPI has made digital transactions fast, secure and safe. By simplifying online transactions in a secure environment, UPI has an edge over net banking.
United Payment Interface or UPI is a quick and easy way to send/ receive money along with making direct payments to merchants through a unique Virtual Payment Address. This smartphone-based app has transformed the face of digital payments/money transfers in India.
UPI stands for Unified Payments Interface and it is an instant real-time payment system developed by NPCI (National Payments Corporation of India) to facilitate interbank transfers on real time basis for the users.