Credit cards have always been a risky means of payment. There is always the possibility of loss, theft or misuse. Enter the virtual credit card. It is a digital proxy card ID that can be used instead of your physical credit card. They are a number of ways to avoid divulging personal information and overspending. […]
How Buy Now Pay Later in B2B Transactions Is Unlocking SME Growth
In the business-to-business (B2B) world, it often seems like big companies have all the advantages. They have more resources, more customers, and more experience. But in recent years, a new trend has emerged, giving smaller businesses a chance to compete: buy now, pay later (BNPL) in B2B. From Amazon to Afterpay, this type of payment […]
Is B2B Buy Now Pay Later Really Changing the Game for SMEs?
Small and medium-sized enterprises (SMEs) have always struggled with the traditional banking system, and their lack of credit history and low credit scores have been tagged as high-risk borrowers. A report in June 2019 by the U K Sinha Committee involving the Reserve Bank of India (RBI) noted that the credit gap in the micro, […]
Invoice Factoring: Lending Firms’ New Border
Why do lending companies offer Invoice Factoring services? Learn about the benefits of this invoice factoring for businesses & lending companies here
The RBI’s ban on non-bank PPIs will affect India’s credit card industry.
The FinTech industry has been evolving quickly over the last decade. 11 of India’s 65 unicorns operate in the FinTech space. The industry is quickly disrupting traditional and established BFSI players. However, the regulatory regime is slowly catching up to technological developments. The RBI has recently released a circular which bans banks from offering credit […]
Effects of Mobile Banking on Digital Economy: Boon or a Curse?
Mobile banking has become a popular way for consumers to perform banking tasks today—from depositing checks and transferring money between accounts to paying their bills and setting up automatic payments. In fact, 82% of bank clients believe mobile applications enhance their financial lives. So what is the effect of this mobile banking boom on […]