How is AI Changing the Financial Industry? Top 6 Use Cases in Fintech and Banking
Artificial Intelligence (AI) has transformed the physics of financial services. It has altered centers of gravity, isolated vulnerable bonds, and changed traits that are imperative to building a successful business. The ability to leverage data to drive process and...
Debit Card Issuance 101 – All You Need To Know
Debit cards are a very critical part of the payment ecosystem. As of January 2022, there were over 940 million active debit cards in India. Averaging a transaction value of 3.5 trillion Indian Rupees per month, the volume is much higher than that of credit cards....
Strategy to Reorient Neobanking for Sustained Profitability
Neobanks have led to tectonic shifts in every corner of the financial services market. The market embraces a new player almost every day with a prime intention to simplify financial services to meet the ever-evolving expectations of the digital-age customers....
6 Reasons Cards Issuers Need Modern API-based Platform
Payment cards are a necessity today. The benefits they deliver are immense not just to consumers. But also to issuers such as banks, NBFCs, and businesses. To businesses and financial institutions, cards are deal-breakers. Accessible in physical and virtual form...
Why System Of Records (SOR) is Critical for Prepaid Card Issuers?
Wallet limit breaches and data duplications are crucial problems for prepaid card issuers. They hold the risk of consumers overriding the loading and spending limit. That’s why RBI mandated that all prepaid programs deploy a centralized System of Records (SOR)...
Rise of Wearables in Payments and Banking
The global wearable market size is projected to reach USD 931.31 Billion by the end of 2030, and wearables are here to stay. Not just in healthcare, retail, and telecom, but also in banking and payments. Changing customer priorities and fintech advancements...
A Candid Chat with M2P’s Fintech Fanatic, Devang Mehta
Friday vibes just grew stronger post lunchtime. M2Peers geared up for their exciting weekend escapades. And Devang, our fintech fanatic too had 'exciting' plans. He was waiting impatiently to spend his weekend on all things fintech, while sipping his fresh glass of...
Remittance with UPI - A Giant Leap for Cross-Border Payments
India has the world’s largest diaspora. More than 30 million Indians reside outside the country. The Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from the US, UK, and the Middle East make India the world’s largest recipient of remittances. Despite...
Why Payments Interoperability is a Must for Today’s Generation?
Imagine you own a digital wallet. Its primary function is to let you spend viz., shop with partner merchants, make payments, and transfer money to other wallets and bank accounts. Then the same wallet offers a card (any authorized card network Visa, MasterCard, RuPay)...