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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S Anand, the Chief Executive Officer and Co-Founder of PaySprint

I am S. Anand, I am a Techno functional professional with over 2 decades of diverse career chronicle working with cross-functional teams to drive unprecedented profitability while focusing on operational excellence, streamlining business processes, and cost. I have extensive leadership and management experience in setting up operations and running a business in high growth as well as transformational phases. I have built teams with capabilities to drive results in a fast-paced and continually changing environment. Ability to see the ‘big picture - understand and simplify complex situations & business challenges, design and deliver success for all stakeholders by implementing innovative business solutions.

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India Inc operations under pressure as more employees catch COVID

When the lockdown was announced in the first phase of COVID, companies managed to run operations smoothly resorting to Work From Home and other measures. However, the second wave, which has seen daily infections crossing 400,000, is putting to test that arrangement too.

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What is unified open API platform and how will it impact how Bharat transacts?

Understanding API Banking: API (Application Programming Interface) traditionally pertains to the tech interface between software programs. This interfacing ability facilitates a third-party application like PaySprint, to synchronize and connect to a bank’s tools and services.

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SBI Yono is the 'startup' you didn't see coming! It's worth billions now

India's largest bank, State Bank of India (SBI), pulled out YONO - an acronym for 'You Only Need One' - app out of its hat five years ago. No one had expected the state-owned bank to take a lead in rolling out a super app for banking, investments and e-commerce. However, in just three years, YONO has notched up impressive numbers - 3.70 crore registrations, Rs 21,000 crore-plus loans, 77,671-plus daily cardless transactions and leads for Rs 10,000 crore home and car loans.

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Aspiring home-buyers ought to start planning from early 20s

Cutting down one fancy dinner a month in your early 20s could be a stepping stone towards purchasing your own home in your 30s. Sounds ambitious, doesn't it? But in reality, it is completely doable. Money management is an acquired skill; the earlier you start with an investment and savings plan – even with a small amount – the faster it compounds into a sizable asset a few years down the line. The best, or rather the ideal savings practice is to save at least 30 per cent of your monthly earnings. If you are in your early 20s and at a nascent stage of your professional life, making smart monetary decisions could help you buy your own home in your mid-30s.

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Financial Hacks For Millennials And Gen Z In India: Courtesy PaySprint

With many fintech ventures in the market, PaySprint has managed to set itself apart by ensuring ease in onboarding and integration..... Another must-read by our CEO S Anand

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: 'India Is Expected To Be A 10 Trillion Dollar Economy': S Anand CEO & Co-Founder, PaySprint

Covid has brought massive acceptability for digital payments in rural geography which has created a huge demand and business opportunity.

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:Digital banking impacts India's rural economy; here's how

Sixty percent of Indians still stay in Rural India, and this has a significant impact on the economic progress of the country. What has changed especially in Rural India is the Jan Dhan Account (JAM) Jhan Dhan Account: 90 percent of eligible Indians now have a bank account

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:क्या है भारत में Fintech Sector का भविष्य ? जानिए UPI और API क्या है ?

A Live talk by our CEO S Anand on what is the future of Fintech in India and what is UPI and API. Listen Now!

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:Mobile will be the new bank – S Anand

S Anand is the Chief Executive Officer and Co-Founder of PaySprint. He is a senior Techno functional professional with over 2 decades with diverse career chronicle. Working with cross-functional teams to drive unprecedented profitability while focusing on operational excellence, streamlining business processes and cost.

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