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. […]
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 […]
What do you mean by API Integration and types of API Integration?
An API that isn’t comprehensible isn’t usable. -James Gosling API has emerged as the new buzzword, it seems. No matter where you go, you will come across the word API being uttered by almost every technical peep. Are you someone working in the sectors of marketing, operations or revenue? If yes, it is not surprising […]
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 […]
India’s unconventional shift to adopting Digital Payments
The pandemic has undoubtedly influenced a myriad of sectors in the world, at large, and our country, in particular. Among all these areas, the digital payments ecosystem has experienced tremendous growth. Will you be shocked to know that the net worth of digital transactions in 2020, the first year of the pandemic, was $2.9 trillion? […]
The competitive landscape of Fintech in India
Fintech companies have established themselves as strong competitors in the financial-services sector, but now they are facing a new challenge: mainstream banks have gradually started to offer fintech-like services including early pay check access and no-fee overdrafts. For financial institutions in particular, fintech denotes both a threat to business-as-usual and significant opportunity, promising new markets, […]
