The rise of E-commerce: How did it impact the retail sector?
Retail revolution or an apocalypse, what do you think the rise of e-commerce led to? With electronic commerce skyrocketing and becoming a force, it had its impact on different sectors. Electronic commerce refers to buying or selling of goods and services through electronic mediums. The Internet plays a major role here. Digital literacy has grown […]
Top Trends In Payments Since The Pandemic
FinTech is not only an enabler but a driving engine – Pierre Gramegna The global pandemic triggered by the COVID-19 virus has sparked the growth of online payments in the present era. The global community of consumers has embraced digital payments, thus compelling various banks, financial institutes and top tech firms to enter the ecosystem […]
Pros and Cons of having multiple payment gateways on your Website
Payment gateways are the front-to-end technology that needs payment cards. They send customer information to the merchants by acquiring banks for processing. In this article, we are going to discuss multiple payment gateways and their pros and cons as well. Payment gateways are the ultimate way for B2C and B2B companies. Ensure that the company […]
What made FinTech thrive in the era of the COVID-19 Pandemic?
When the outburst of COVID-19 first hit the world, all the major businesses were shut down leading to an economical crash. Name one sector that wasn’t affected. Transportation was at a halt because people didn’t step out of home because of several lockdowns. Hospitality and tourism sectors were affected too because of the same and […]
The Rise of Neobanking
Aren’t you tired of waiting endlessly in lines at the bank just for a simple transaction or an answer to a query? Well, with the rise of neo banking, looks like all that is about to change! What are neo-banks? Neo-banks are online-only fintech companies that operate exclusively digitally via mobile apps. They are digital […]
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 […]
Benefits of Digital Payments for Small Businesses
We now live in a world where everything is digitized, from the exploration of outer space to even buying day to day groceries. Technology has benefited the human race today in ways we cannot even fathom. However, the impact of digitisation is best seen in the growth of businesses. India has now taken the leap […]
Merchant accounts and Payment gateways: Everything you need to know
A payment gateway is an instrument that safely authenticates the credit card details of your customer, guaranteeing that funds are accessible for you to get paid. They are the services that charter credit card payments for online, as well as offline businesses. Payment gateways are online counterparts of the offline point-of-sale systems at shops, supermarkets, […]
One API for multiple payment gateways
In today’s age, online technology is trending and blooming. Likewise, now you can multiple payment gateways integration under one API. In this blog, you will walk through the payment gateways and how Payomatix makes your life easier. Let’s get started. What is a payment gateway? Payment gateways are services that allow merchants to accept and […]
Challenges faced by businesses in switching between payment gateways
If no two people in the world are the same, how can the choice of payment be the same for all? The fintech industry in India is a sea of potential where you can easily get lost if you are unaware of the operational aspect of digital solutions. In today’s era of digital technology, online […]
