Know Your Customer (KYC): The Need for Authentication
Know Your Customer/ Know Your Client (KYC) is a mandatory process that verifies and authenticates a customer’s identity. All legal and financial institutions must validate their customers to prevent any illegal or fraudulent activities as per Reserve Bank of India’s...
Meet M2P’s Implementation Specialist
This month, we shine the spotlight on the very first employee of M2P, Lekha Vasudevan- AVP-Implementation. Lekha is a wonder woman who handles the responsibility of being a mom and client implementations for M2P like a pro. In addition, she loves doing DIY projects in...
Climate Fintech: Fintech’s leading the Green Tech
Fintechs worldwide bring innovative ideas, green financial products, and services for their customers to reduce their carbon footprints. Climate change has evolved throughout the earth’s history and is considered a constant threat. Humankind has always wished to put...
Open Banking- A primer
The world has been churning the Open Banking mill for years, and India recently joined the bandwagon. The Indian government set the scene for the Open Banking system with the advent of UPI in 2016. However, in the last two years (post-pandemic period), the nation...
Meet M2P’s Solution Architect
Meet Maathavan, our VP- Architecture, whose mantra is to never stop learning. With varied interests ranging from agriculture to technology, Maathavan is well-known in M2P for analytical thinking and humble nature. Read on to know more about him and what drives him to...
The BIN Migration|Preparing for 8-Digit BINs
Have you ever noticed the numbers on your credit/debit/prepaid card? They have a string of numbers out of which the first six digits are called Bank Identification Number (BIN). The BIN number helps the merchant processor identify the card type, network, and the...
NFC Payments – Simplifying Payment Space
We have come a long way in payments starting from the barter system, coins, currencies, paper cheques, and plastic cards to one-click payments, e-wallets, and cryptocurrencies. Payment space keeps evolving at breakneck speed with new technologies that focus on...
How to implement the best Prepaid Payment Instrument (PPI) for your business?
Looking to simplify and accelerate domestic and cross-border payments, remittances, and fund transfers? Then you need to augment your payments ecosystem with Prepaid Payment Instruments (PPIs). Why should you join the PPI bandwagon? PPIs are more than just payment...
Embedded Finance 101: The bridge connecting tech and financial services
Getting credit for groceries and paying utility bills through e-commerce platforms have become a routine for most of us. Standing in queues at bill counters and bank counters to make payments and withdraw money have become passé now. To make instant payments from...