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. […]
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, […]
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 […]
Future of Cryptocurrency: Key Insights and Trends The future of cryptocurrency is poised for significant transformation, driven by the convergence of technological, regulatory, and societal factors. Here’s a detailed look into the possible future of cryptocurrencies: 1. Mainstream Adoption and Institutional Involvement Cryptocurrency is gradually moving from niche investments to mainstream financial products. Global companies […]
Open banking refers to a financial concept and practice that allows third-party financial service providers to access and use financial data from banks and other financial institutions through Application Programming Interfaces (APIs). This data sharing enables these third-party providers to develop new financial products and services, often tailored to meet specific consumer needs. Key aspects […]
Understanding Neo Banks/Digital Banks: Neo banks, also known as digital banks, are financial institutions that operate exclusively online or through mobile applications, without traditional physical branches. These banks leverage technology to provide a range of banking services, from basic transactions to more sophisticated financial products. Unlike traditional banks, neo banks focus on delivering a seamless, […]
Smart rings are wearable devices that integrate technology to offer various functionalities, including those related to financial technology (fintech). In the context of fintech, smart rings often incorporate contactless payment capabilities, enabling users to make secure transactions without the need for physical cards or cash. Here’s an overview of smart rings in fintech, along with […]
Fintech super apps refer to comprehensive mobile applications that offer a wide range of financial services and products within a single platform. These apps aim to provide users with a seamless and integrated experience by combining various financial functionalities into one central hub. Fintech super apps often go beyond traditional banking services, incorporating features like […]
Wallet or e-Wallet or Payment Wallet or Digital Wallet can be defined as a service, device or technology by which you can carry digital cash, transact cash online and pay for products & services online or physical. Though the definition is very simple but the technology and regulations for wallets are complex. You can link […]
Cryptocurrency comes from two words Crypto and Currency. You might have heard about Cryptography. Crypto means secret or concealed. The study and creation of the techniques, tools and methods to pass information securely which can not be decrypted by adversaries can be called as Cryptography in broad terms. When these techniques are applied for currency […]