Fintechs – Products, Community, News
Fintechs – Products, Community, News
1. What is a Prepaid Payment Instrument (PPI)? Prepaid Payment Instruments (PPIs) are payment tools that facilitate the purchase of goods and services, the transfer of funds, and access to a range of financial services. They are preloaded with a specific amount of money, which can be spent within limits imposed by the issuing entity. […]
A Forex Card (Foreign Exchange Card) is a prepaid card that travelers can use to carry multiple foreign currencies. These cards are designed for convenience, eliminating the need for carrying large amounts of cash while traveling abroad. Like debit or credit cards, Forex Cards can be used for purchases, ATM withdrawals, and online transactions in […]
3D-Secure (Three-Domain Secure) is a security protocol that provides an additional layer of authentication for online card transactions. Introduced by Visa (as Verified by Visa) and later adopted by other major card networks like MasterCard (MasterCard SecureCode) and American Express (SafeKey), the purpose of 3D-Secure is to reduce fraud and increase the security of e-commerce […]
The National Common Mobility Card (NCMC), launched under the “One Nation. One Card” initiative, enables seamless, multi-modal transit payments across India. Supported by the RuPay platform, the NCMC card allows users to make payments for metro, buses, railways, tolls, parking, retail, and more using a single card. This card integrates both online and offline transactions, […]
Understanding Visa: An Overview Visa Inc. is a global leader in digital payments, facilitating secure and efficient transactions for consumers, businesses, and governments around the world. Established in 1958, Visa operates in over 200 countries and territories, connecting millions of merchants, financial institutions, and cardholders. Types of Visa Products and Services 1. Credit Cards: • […]
Introduction to Debit Cards: A debit card is a payment card that provides cardholders with electronic access to their bank accounts to make purchases or withdraw cash. Unlike credit cards, which allow users to borrow money up to a certain credit limit, debit cards are directly linked to the user’s bank account, and transactions are […]
How RuPay can take on VISA & MasterCard in the Future? In the dynamic landscape of electronic transactions and digital finance, payment card networks play a pivotal role in facilitating seamless and secure monetary exchanges. Three prominent players in this realm are Visa, MasterCard, and RuPay. Each of these networks has its own unique characteristics, […]
A credit/debit card issuance system is pivotal in facilitating the issuance, management, and monitoring of credit/debit cards for consumers. However, several challenges can arise within such systems: Companies having Credit/Debit Card issuance stacks are M2P Fintech, Pine Labs, Fintech startup Power In summary, while a credit/debit card issuance system offers numerous benefits in terms of […]
In the contemporary world of finance, debit cards have become an indispensable tool, offering users a seamless and efficient means of accessing their funds. Behind the scenes of every debit card is a debit card issuer, the entity responsible for facilitating the issuance, management, and security of these financial instruments. This article explores the pivotal […]
In an era dominated by digital transactions and cashless economies, prepaid instruments have emerged as versatile financial tools, revolutionizing the way people manage their money. A prepaid instrument, in essence, is a pre-loaded monetary value stored in a card, mobile wallet, or other electronic form, allowing users to make transactions conveniently without the need for […]