Remove Accounts Remove Interoperability Remove Micro-Entry
article thumbnail

India’s Digital Payment Revolution: A Decade of Unprecedented Growth

Fintech News

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that enables instant money transfers between two bank accounts through a mobile platform. The RBI is also planning to introduce interoperability for Internet banking transactions, with an expected rollout in the current year.

article thumbnail

SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Integrated with bank accounts and digital wallets in Pakistan, Hakeem provides customers with easy disbursement options. Four finalists were shortlisted in each category.

AI
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Visa Reinvents the Card, Unveils New Products for the Digital Age at Visa Payments Forum CEMEA 2024

Fintech Finance

Visa is introducing a portfolio of innovative new solutions that support digital identity, seamless checkout experiences, flexible payments, nano-merchant acceptance and protecting the security of account-to-account payments. Micro-merchant Acceptance: Allows money transfer from consumer to merchant through smartphone devices.

article thumbnail

How Blockchain Tech Could Disrupt Real Estate

CB Insights

The intended goal is a reduction in legal, accounting, and transaction costs, as well as a decreased risk of fraud and corruption. The company helps title agents verify client identities, bank account ownership, and securely transfer wire information. Interoperability. Creating a tenancy contract with Midasium. Source: Midasium.

article thumbnail

The metaverse could be tech’s next trillion-dollar opportunity: These are the companies making it a reality

CB Insights

Bridging micro-vibrations, pneumatic systems for force resistance, and motion tracking, this technology can give the impression that digital objects have texture, stiffness, and weight. Headsets (VR): These companies are developing VR goggles — currently considered the main entry point to metaverse applications.

article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

For consumers to decide that messaging apps are their new commerce point of entry will require that the apps within them get much smarter and the user interface much slicker. A couple of years ago, making the point that commerce could go anywhere was likely a discussion about giving a micro-merchant a dongle that could connect to their phone.

article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

In many parts of the developed world, regulators are treating bank accounts in much the same way as a mobile phone number — insisting on account portability and third-party access without much regard to the impact to the bank assets that incumbents have spent money acquiring, maintaining and securing. Commerce Gets Conversational.