How will digital banking units (DBUs) transform banking in India?
Inside This Article Introduction The Demonization and rise in digital payments paved the way for digital banking units (DBUs) in India, and the RBI’s Digital Payments Index (DPI) has increased to 349.30 in March 2022 from 153.47 in March 2019. Many banks are now prioritizing incorporating DBUs in their overall banking system because it helps […]
How is blockchain changing/revolutionizing the fintech industry?
Inside This Article Gone were the days when blockchain technology was only associated with cryptocurrency. Now, many industries, like healthcare, insurance, logistics, medicine, entertainment, etc., are trying to harness the advantages of this new and evolving technology, and fintech, as an evolving industry that entirely depends on technology, does not want to lag in any […]
What is a Payment Aggregator, what are the benefits, How it works, and How to get registered with RBI?
Inside This Article Introduction Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998. Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other financial […]
Know these 7 NBFC trends to keep pace with growth
Inside This Article Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth. According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021. Moreover, compared to Scheduled […]
