Making payments has come a long way from the days of barter. We lived through the age of paper currency and now steadily moving towards a cashless economy. This economy thrives on digital payments through a Prepaid Payment Instrument. PPI plays a significant role in creating a cashless economy. India, in particular, gained great attention …
How to choose the best Prepaid Payment Instrument for your company Read More »
In the last few months, we’ve seen CBDC or Central Bank Digital Currency becoming a trending topic. There is a good reason why there is growing interest in this technology. Many countries like India are in the process of creating CBDCs. This move is to shift towards a wider use of digital currency. The end …
Understanding the infrastructure of neobanks vs traditional banks Traditional banks provide customers with the convenience of in-person transactions and services, whereas neobanking platforms operate entirely in the digital space, often known as “digital banks” or “challenger banks”. No physical branches exist for these online banking platforms. One of the key differences in neobanks vs traditional …
What is the difference between neobanks vs traditional banks? Read More »
Understanding the basics of Neobanking Neobanks are technologically advanced FinTech companies that offer convenient online banking services without traditional physical branches. Neobanking is revolutionizing the financial landscape, allowing customers to access a range of digital services from one secure platform. Over 8,000 banking customers surveyed by Capgemini revealed that 75% of them would be more …
How Neobanking services are changing the future of financial management? Read More »
An overview of India’s digital payments infrastructure India already has a comprehensive digital payments infrastructure in place that can be accessed by a majority of the population, however, in order to maximize its capacity and reach more people, greater awareness is essential. That is why digital payments awareness week (DPAW) is of prime importance. For …
DPAW 2023: What you need to know about digital payments awareness week? Read More »
What are payment links and how do they work? Payment processing is a tedious task when it comes to receiving payments as it involves transaction delays owing to complex payment methods. However, collecting payments via links and QR codes is gaining popularity recently as it proves to be efficient and simple. Logistics owners and fleet …
Why should you create online payment links to collect payments in Logistics? Read More »
Understanding digital payment systems in logistics Digital payment systems in logistics are of primary importance as most of the transactions are required while commercial vehicles are off premises. Moreover, carrying cash is not advisable as it is often prone to theft or manipulation and even paper receipts and reimbursements are quite chaotic to handle. An …
What you need to know about QR code payment systems for logistics? Read More »
How are payments processed in the logistics industry? The logistics industry involves payments at varied levels to multiple people either on or off premises. Logistics owners, fleet managers, truck drivers, suppliers and customers exchange payments for administrative, operational or delivery purposes. Managing payments in logistics can be a time-consuming task. While certain improvements may be …
Why are integrated bill payment systems important for Logistics? Read More »
What are the types of costs involved in logistics operations? Expense management in logistics is a tedious task owing to the complexity of the industry that involves both expenses within the firm and on-road expenses while delivering shipments. The costs involved in logistics revolve around the invoice expenses, operational expenses and risk mitigation expenses. Why …
How to manage costs involved in logistics with technology? Read More »
Understanding commercial fleet invoice processing disputes An invoice dispute is a major challenge faced by businesses or commercial organisations of all sizes where a customer or client disagrees with the charges and therefore, refuses to make payment. Commercial fleet invoice disputes can arise from human error in terms of accounting, misunderstanding, or when your customer …
Money matters: Understanding commercial fleet invoice processing disputes in logistics Read More »
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