Fintechs – Products, Community, News
Fintechs – Products, Community, News
Cross-border payments refer to financial transactions that occur between parties in different countries. These transactions can involve individuals, businesses, and financial institutions and are crucial for international trade, remittances, and various financial services. As globalization increases and more people engage in international commerce, the demand for efficient and secure cross-border payment solutions continues to grow. […]
ISO 8583 is a widely adopted international standard for financial transaction messaging. It was established by the International Organization for Standardization (ISO) and serves as a framework for electronic financial transactions, primarily in the banking and payment card industries. The standard defines a format for messages that convey transaction data between various entities involved in […]
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 […]
List of common investment jargons: 1. Bull Market: A period where stock prices are rising or expected to rise. 2. Bear Market: A period of declining stock prices. 3. Diversification: Spreading investments across various assets to reduce risk. 4. Portfolio: A collection of financial assets held by an investor. 5. Asset Allocation: The strategy of […]
Types of Digital Fraud 1. Phishing Scams: Fraudsters impersonate legitimate companies to steal personal information. Victims often receive emails asking for sensitive data, leading to account breaches. 2. Ransomware Attacks: Cybercriminals lock users out of their systems and demand payment to restore access. For example, the WannaCry attack in 2017 affected hundreds of thousands of […]
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: • […]