Blogs

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How Has Digital Banking Impacted The Indian Rural Economy?

With 60% of Indians still in Rural India, it has a significant impact on the economic progress of the country, and with the emerging changes of ICT penetration, and the impact of demonetization & Covid, alongside the digital initiatives carried out for rural segments, the need for improving the trends of digital payments model in rural India is very important...

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Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform

DirectPaySprint is a one-stop solution for any Banking / Payment needs, which means today if you want to launch a banking service say cash in or cash out, you have to integrate multiple APIs of multiple banks to create one banking solution which is very cumbersome and time-consuming. After integration to manage them also is a very painful task...

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How API is leading the next revolution in banking

A decade ago RBI introduced NEFT and RTGS, followed by NPCI introducing IMPS. And this was the start of digital or online banking – a paradigm shift in the way services were offered to the end consumer. The next stage of evolution was from internet banking to API-led banking. The dawn of API in banking has resulted in significant changes concerning how financial operations are carried out. Although APIs have been widely used for over a decade, their use has recently become prevalent in financial services...

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Direct money transfer vs digital payments: Which is safer and better? Pros and cons to know

Direct Money Transfer ( DMT) is one of the first set of internet banking solution which was launched more than a decade ago and it was the first initiative to decongest the bank branching and allow partners and retailers to participate in the cash deposit into banking accounts. This was also one of the key drivers for financial inclusion. Digital payments are the next level of a paradigm shift in the payment landscape...

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UPI, cards or wallet: Which is better? And tips to make the most of each of these digital payment resources

The Year 2020 saw India and Bharat coming to age on digital payments both on payments and acceptance. This has been purely been possible through JAM - Jan-Dhan Accounts, Aadhar & Mobile/smartphone penetration...

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A cashless India in 20 years: but only if fintechs and policies gel

Good and seamless technology has to ensure safe transactions, and adhere to the guidelines and policies. “Over a period of time, the technology being built should be robust, including all the verification and validation. We, fintech companies, spend a lot of time to validate data to instill confidence in users. Since this field is trust-based, it is important to build it with a lot of checks and balances...

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FinTech Company PaySprint Launches as a NextGen Neo Banking Solutions Provider

The Year 2020 saw India and Bharat coming to age on digital payments both on payments and acceptance. This has been purely been possible through JAM - JanDhan Accounts, Aadhar & Mobile / smartphone penetration...

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