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PAYMENTS

All about Account Payable Automation (APA)

Today, we are living in a digital era. Everything is becoming digital. Be it banking, entertainment, and what not? But some businesses are still following the conventional way. They manage the account payables manually. When it can just be entirely automated. Thanks to Account Payable Automation (APA) software. The present system won’t prevail in the […]

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Banking PAYMENTS

IMPS – Meaning, Fund Transfer Limit, Timing and Charges.

The Immediate Payment Service (IMPS), which allows account holders to connect a bank account and transfer funds via mobile phones 24x7x365. Since February 2012, about 15 banks have made the service available to their customers, and the number of people using it has increased dramatically. As of now, almost all major banks have expanded the […]

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Banking PAYMENTS

Virtual Account: A Complete Guide to Seamless Cash Collection.

Are you tired of reconciling your bank statements? If yes, then this astonishing technology of virtual account can save you from your troubles. They are your one-stop solution to cash management. Although they are similar to bank accounts, they offer enormous benefits over physical bank accounts. Want to know more about this revolutionary innovation? Here […]

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Banking PAYMENTS

Merchant Discount Rate (MDR) – All You Need to Know

Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR or Merchant Discount Rate. Let’s start What is Merchant Discount Rate? Generally, it refers to the discount rate of a transaction. This equals to the entirety […]

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Banking PAYMENTS

Open Banking – Emerging Banking 2.0 in India.

Introduction Open banking in India is in a very nascent stage. It is because the Indian banking system focuses more on security and privacy. Think of open banking as the digital variant of your traditional banks, except open banking has much more to offer when compared to traditional banking institutions. The Open Banking system is […]

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GENERAL

Budget 2021: Top 10 important highlights for SME and Startup.

Budget 2021 is the first paperless budget by the Finance Ministry. There have been many initiatives taken to strengthen SME and Startup sector. Here’s Key highlights for SME and Startup, Nirmala Sitharaman announced in the first digital budget. Table of Contents Incentivising OPC Setup Budgetary Allocation Extending Tax Holiday Insolvency Resolution Customs Duty Slashed Digital […]