Fintechs – Products, Community, News
Fintechs – Products, Community, News
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, […]
Reconciliation is the process of ensuring that financial records from different sources (such as bank statements, payment gateways, or internal systems) match and are accurate. It ensures that transactions are properly recorded, balances are correct, and there are no discrepancies between the systems. For banks and fintechs, it involves verifying that incoming payments, expenses, and […]
Banks and fintech companies must acquire several certifications and comply with regulations to ensure security, risk management, and user data protection. These certifications differ across regions, such as India, Europe, and North America, but generally cover compliance, fraud prevention, and data security. Here’s a detailed analysis of key certifications: 1. PCI-DSS (Payment Card Industry Data […]
Fraud and Risk Management (FRM) solutions are critical for safeguarding fintechs and banks from evolving financial crimes, including identity theft, data breaches, and unauthorized transactions. These solutions help identify, monitor, and mitigate risks in real-time by analyzing data and employing AI-based algorithms. Key Benefits: 1. Fraud Prevention: FRM solutions detect suspicious activities early, reducing financial […]
Co-branded credit cards are a type of partnership between a card issuer, typically a bank or financial institution, and a brand (e.g., airlines, retail stores, or service providers). These cards offer enhanced benefits tailored to the brand, providing perks such as discounts, loyalty points, or exclusive offers. Co-branded cards are a win-win for both companies […]
Will the Bubble Burst? v/s India Story India’s rapidly growing equity market has generated a polarized debate, with some analysts warning of an impending bubble, while others champion India’s rise as a global economic powerhouse. To understand the truth behind this debate, we need to explore both arguments thoroughly. The “Bubble” Argument: Overvaluation and Speculation […]
Futures and Options (F&O) are derivatives that allow investors to speculate on the future price of underlying assets, such as stocks or commodities. They provide opportunities for hedging and leveraging, attracting many retail investors in India. However, despite the allure of high returns, a significant number of traders incur losses. What are Futures and Options? […]
India is emerging as a global leader in fintech, surpassing many foreign nations in innovation, accessibility, and growth. Several key factors contribute to this phenomenon: 1. Robust Digital Infrastructure India’s digital payments landscape has been transformed by the Unified Payments Interface (UPI), launched in 2016. UPI allows users to make instant, seamless payments through mobile […]
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: • […]
What is a Credit Line on UPI? A credit line on UPI is a financial service that allows users to borrow funds up to a pre-approved limit directly through the UPI framework. This feature integrates seamlessly with existing UPI apps, providing users with a convenient way to manage short-term expenses without requiring traditional loans. Key […]