India has made great strides in establishing itself as a less-cash economy. Testifying this, the RBI governor, Shaktikanta Das, in a conference, recently revealed that about 1,050 crore retail digital payment transactions worth INR 51 lakh crore were processed in January 2023. Continue reading What is Currency-in-Circulation?
If Cash is King, Gift Card is the Queen of Hearts this season.
Gifting has always been integral to any Indian festival or occasion. A gift is supposed to speak volumes of the bond you share with the recipient – hence the act of gifting is cherished and regarded very highly.
Continue reading If Cash is King, Gift Card is the Queen of Hearts this season.
Convenience in Mobility Payments
The Indian payment ecosystem has evolved significantly over the last few years, especially post demonetisation and the pandemic. Consumers today prefer making digital payments across all touchpoints such as payment counters
Continue reading Convenience in Mobility Payments
If Cash is King, Gift Card is the Queen of Hearts this season.
Gifting has always been integral to any Indian festival or occasion. A gift is supposed to speak volumes of the bond you share with the recipient – hence the act of gifting is cherished and regarded very highly.
Continue reading If Cash is King, Gift Card is the Queen of Hearts this season.
5 trends that will shape the Indian Payment Industry in 2023
The year 2022 has been a stellar one for the Indian payment landscape – with reports stating that, during Jul-Sept, a total of 20.57 billion transactions amounting to INR 36.08 trillion were processed by means of payment options such as
Continue reading 5 trends that will shape the Indian Payment Industry in 2023
Cash Recycler Machines i.e. CRMs and their benefits
The banking industry has transformed rapidly over the past few decades. While demonetisation fastracked digitalisation of traditional bank branches, banks are now installing various
Continue reading Cash Recycler Machines i.e. CRMs and their benefits
How to safeguard yourself against UPI frauds?
The Unified Payment Interface or UPI has gained immense popularity in the last few years – fast-tracked due to Demonetization and the Covid-19 pandemic.
Continue reading How to safeguard yourself against UPI frauds?
All you need to know about Digital Banking Units (DBUs)
In the era of digitisation, Indian traditional payment channels such as Bank branches & ATMs have also seen numerous upgrades.
Continue reading All you need to know about Digital Banking Units (DBUs)
What is Colour Automation Technology?
Point of View (POV): It is the early 90s and Asian Paint commercials have hit the idiot box. You smile as you see the iconic ‘Mera Wala Blue’ commercial, not knowing the paint industry is disrupted for good.
Continue reading What is Colour Automation Technology?
How prepaid cards are reshaping gifting in India?
The Indian prepaid card market is on a remarkable growth trajectory. According to an industry study, the Indian prepaid card market is expected to grow at a CAGR of 40.5 percent between 2021- 2026.
Continue reading How prepaid cards are reshaping gifting in India?
Tokenisation in payments
The global pandemic has increased digitisation and brought many new users under the ambit of Digital India.
Continue reading Tokenisation in payments
Automated Fare Collection (AFC) & National Electronic Toll Collection (NETC): Driving Smart Mobility in India
According to a study by TERI, India’s urban population is expected to grow from 410 million in 2014 to 814 million by 2050.The report also stated that India will have seven megacities by 2030.
Continue reading Automated Fare Collection (AFC) & National Electronic Toll Collection (NETC): Driving Smart Mobility in India
In a world that is going digital, cash is still king
Even though digital payments are on the rise, cash continues to hold its throne. In an economy like ours, we are likely to continue witnessing the coexistence of both cash & digital payments
Continue reading In a world that is going digital, cash is still king
Doorstep Banking
AGS Transact Technologies offers cash management services such as Doorstep Banking Services (DBS) to leading banks, Oil Marketing Companies (OMCs) and retail chains in India.
Continue reading Doorstep Banking
Prepaid Cards & Its Types
Imagine this is in early 2000s. You walk into a high-street mall in Delhi. You are craving a burger and there are many options at that food court. You visit the food counter, buy your meal-card and pay digitally using the pre-loaded amount.
Continue reading Prepaid Cards & Its Types
Beyond Fuelling
With the change in people’s lifestyles and requirements, especially in the new normal, traditionally flourishing business models might need a post-pandemic revamp to maintain resilience and flexibility; and fuel retail is no exception.
Continue reading Beyond Fuelling
Interoperability – The Force Behind Rise Of Digital Payments
The country has witnessed a surge in digital payment transactions post demonetisation and the pandemic.
Continue reading Interoperability – The Force Behind Rise Of Digital Payments
5 disruptive forces transforming the ATM space in India
ATM, the first FinTech marvel, has been an integral part of the banking infrastructure since its inception.
Continue reading 5 disruptive forces transforming the ATM space in India
POS – The Jack of all Trades
Digital payments have seen a stupendous surge over the last few years due to factors such as Demonetisation & the pandemic.
Continue reading POS – The Jack of all Trades
All that you should know about Cash Management
Cash Management refers to the process of collection, counting & counterfeit detection, reconciling, safe transit, and Continue reading All that you should know about Cash Management
Evolving Digital Payments Landscape
Imagine a usual day in your life. You get ready for work, book a cab online through a cab aggregator and it’s already paid digitally Continue reading Evolving Digital Payments Landscape
Embracing Digital Payments – Need of the Hour for MSMEs
India was already at the cusp of transforming into digital economy and the pandemic has further accelerated the adoption Continue reading Embracing Digital Payments – Need of the Hour for MSMEs
Digital Payments: Driving Smart Mobility in India
According a report by United Nations by 2050, the urban population in India will have increased to 87.7 million Continue reading Digital Payments: Driving Smart Mobility in India
Future of Digital Payments and its impact on industries
The outbreak of Covid-19 has impacted countries all across the globe – socially, environmentally, and of course economically. Continue reading Future of Digital Payments and its impact on industries
Contactless – The new wave of payments in India
The future is contactless!
From cash and card swipe to tap-and-pay, payments have come a long way. Continue reading Contactless – The new wave of payments in India
Co-existence of Cash & Digital is the key to financial inclusion in India
The Covid-19 pandemic has impacted the world at large and has resulted in immense economic turmoil across the globe. Continue reading Co-existence of Cash & Digital is the key to financial inclusion in India
Humanity prevails amidst the pandemic
‘The human spirit is stronger than anything that can happen to it.’ C.C. Scott
The above quote holds absolutely true Continue reading Humanity prevails amidst the pandemic
5 effective ways to protect yourself from online frauds
In the current situation, there are two aspects of safety that are of paramount importance – the first one concerns Continue reading 5 effective ways to protect yourself from online frauds
Safe Digital Payment Practices in Times Of Social Distancing
Coronavirus pandemic has mandated many institutions to rethink the usage of one surface that changes many hands Continue reading Safe Digital Payment Practices in Times Of Social Distancing
What 2020 holds for Digital India
Digital India In Year 2020?
The payments industry has witnessed a monumental revolution in the last decade. Continue reading What 2020 holds for Digital India
Technology – The Driving Force Behind Smarter Mobility
Improved fuel efficiency is now a key aspect for fleet operators not only from a compliance point-of-view, Continue reading Technology – The Driving Force Behind Smarter Mobility
Consumers: The driving force of Digital India!
“Be the change you want to see in the world”, said Gandhi once. Indians have been yearning for change in some form Continue reading Consumers: The driving force of Digital India!
Securing Digital Transactions for Seamless Payment Experience
“Be the change you want to see in the world”, said Gandhi once. Indians have been yearning for change in some form Continue reading Securing Digital Transactions for Seamless Payment Experience
The beginning of Alternate Payments in India
‘Digital payments’ was the buzzword of year 2017. India, a nation that was largely dependent on cash transactions Continue reading The beginning of Alternate Payments in India
Safety Comes First!
We do everything online now. From paying bills, communicating with family to shopping and even reading books. Continue reading Safety Comes First!
Rural India is logging in!
When it comes to the banking system, India stands at a unique place. While those in the cities are embracing Continue reading Rural India is logging in!