IBAN- International Banking Account Number
An IBAN is a one-of-a-kind code. It is also used to determine the exact bank account for cross-border payments. Possessing your beneficiary’s IBAN is essential. In order to ensure that your international payment reaches its intended destination safely. In case of doubt and using an incorrect IBAN, the beneficiary bank will refuse the payment. You’ll […]
How Crypto is reshaping finance and the world at large
Technical innovations have been foreshown as the “future of business”. From simple printing machines to iPhones, industries are pinning their hope on technology. The aim is to operate everything with significant coherence and security. No one knows which technology is going to have the next big impact in the industrial and technological fields. Yet, there […]
Payment Gateway Terminologies Entrepreneurs Need to Know
The arena of online payment solutions or digital payment gateways is spreading its wings in the market. With an increasing number of businesses using these technological advancements to their benefit, it has become necessary for entrepreneurs to understand the nitty-gritty of Payment gateways in order to understand the concept to its penultimate level. Choosing the […]
Has COVID made the E-commerce sector boom?
E-commerce is not the traditional way of running a business but the modern way. Electric communication between two or more people makes it an e-business. You want to buy something? It’s just a click away. You want to sell something? It’s just a click away again. Whether you are a consumer or a seller, e-commerce […]
Future Of Fintech In 2030
In the last decade, fintech has grown at a rapid rate. It is not only changing payments and investing methods but also how exactly businesses work. For bankers and traders, financial technology was just the back-office support. Capitalists barely looked at this sector. Companies in the industries were not seen as high growth darlings of […]
Digital Rupee: Will it be a success or not?
The concept of cryptocurrency has taken the world by storm and this past year has seen a lot of ups and downs concerning the prices of bitcoin and Ethereum, which has been a puzzling time for crypto investors. But where is India in this picture? At the budget session, Finance Minister Nirmala Sitharaman stated that […]
Merchant accounts and Payment gateways: Everything you need to know
If you are an e-commerce merchant, you must have heard of things such as payment gateways, merchant accounts, online payment solutions, and so on. And even if you are not a merchant, but want to start your online store, worry not. Through this blog, we will discuss everything from payment gateways to merchant accounts, and […]
The Online Payment Industry and its Road Ahead
In recent years, digital payments have shown exponential growth in India. Despite the COVID-19 pandemic and the impact it created on the economy, 43.71 billion online transactions have been reported in the fiscal year 2020-21. This rise has been fuelled by new participants joining the digital payments industry, technological advancements, customer convenience efforts, and forward-thinking […]
Multiple Payment Gateways – the key to multiple happy customers
It’s no secret that everyone running a business wants to grow their revenue and Indian businesses have undergone a plethora of changes, especially in the last two decades. This is primarily due to the fact that in today’s digital age, in order to drive faster growth, businesses and merchants require perpetual technological innovation. Hence, to […]
IBAN – What is it and how is it important?
Organizations are always looking for simple and effective ways to make cross border payments as frictionless as possible for themselves, and their clients. Traditional business account solutions often involve lengthy and time-consuming onboarding processes during set up. It is essential that ongoing resources need to be allocated to ensure all banking relationships are maintained appropriately. […]
