Decrypting RBI Data Localization Policy for Payment Companies
Over the past few years, we have been witnessing ongoing digital advancements, ranging from communication to the way we transact. Out of these advancements, cashless transactions are reigning supreme and are further fueled by this raging pandemic. They have taken over...
What is a Payment Gateway and Payment Switch?
The fintech industry is a big ocean where one gets easily lost if unaware of the operational standpoint of digital solutions. It has so many entities built with innovative ideas, frameworks, and processes that offer high scope to elevate the business to different...
How Does Payment Tokenization Work?
Payment Tokenization — One technology to make all the stakeholders of digital transactions happy! “Tokenization market worth is estimated to be $4.8 Billion by 2025.” - Markets and Markets Simply put, the word “Tokenize” means substituting, and it is an ingenious...
How is Fintech revolutionizing Remittances?
The word “Remittance” means money sent to an individual in another place. The Latin origin of the word means “To let go or to send.” As the human civilization evolved, so did remittances. It was earlier a bill payment done via mail or a cheque sent for an appliance...
Transactional to experiential banking- The Paradigm Shift
Decades back, our banking systems were massive local servers poised at a physical location of a bank. The conversation between branches happened only at a specific time. Any transactions that occurred after were reserved for another day. The local servers...
RBI’s new guidelines for PPIs. How will it impact the FinTech industry?
On April 7, the Reserve Bank of India made several key announcements concerning Prepaid Payment Instruments (PPIs) at the Monetary Policy Committee (MPC) meeting. These measures could potentially impact the banking/FinTech sector and bring about changes in...
Meet our Tech G(K)uru
Welcome to Team M2P Star Highlight This month, we are unraveling the hidden facets of our ever-elusive genius Kurukshetran or Kuru (as he is fondly called by his colleagues). Known for his quiet and observing nature, Kuru is a dedicated developer who also dabbles in...
Sachetization inspired cash-flow lending
Often, the country’s self-employed and underbanked section shies away from accessing formal credit lines as they do not satisfy the banking formula. Traditional financial institutions staunchly rely on asset-based lending where they have an asset to fall back on in...
Why do the overbanked need Fintech?
Like every other English, the term over-banked has its share of meanings: It denotes a place with an excessive number of banks. It also indicates people with too many bank accounts. But the true meaning of the word is that your watch is malfunctioning, and you need to...