Latest News & Technology

The digital payments boom of India is no less than a celebrated story for its massive impact on rapid organic adoption and financial inclusion. But not long back, a significant majority of Indians were even devoid of a bank account to send and receive payments, and save money. The less educated, the poor, women, the out-of-labour force, the economically disadvantaged, and people living in rural areas and areas that were hard to reach constituted a big population of those without a bank account then. To start with, India was a bit late to the world of digital payments (such as the concepts of neo banking, mobile wallets, and payment gateway). Digital wallets were introduced by PayPal in 1998 in the United States. It took India more than a decade when Unified Payment Interface (UPI) was launched on August 25, 2016, to facilitate secure and real-time money transfer for its citizens (person-to-person and person-to-merchant transactions). A few years later, UPI has emerged as the biggest...

Contrary to popular belief, cyberthreats not only large-scale institutions and governments but also small, medium, and large businesses. The worst part is that the primary victim of a majority of cyberattacks is personal financial data. Therefore, it does make sense for the best credit card payment companies to focus on the importance of data security in payment integration while handling critical customer data. What is Data Security and why is it important? Data Security can be described as the continuous process of safeguarding digital information from theft, corruption, or unauthorized access throughout its lifecycle. From the viewpoint of the credit card companies, the concept of data security encompasses every single aspect and layer of information security from the physical security of storage and hardware devices to access and administrative controls, as well as organizational procedures, processes, and policies along with software applications. When properly formulate...

In today's business landscape, tech-savvy banking and financial institutions are realizing the need for agility in seamless cloud technology to capture the lion's share in their market segment. This is where Amazon Web Services (AWS) Cloud integration is guiding them to continuously provide innovative products and/or services and establish seamless client interactions. Businesses that embrace AWS Cloud gain from increased scalability, security, efficiency, productivity, and reliability while gaining access to a much larger and state-of-the-art infrastructure. Let us have a close look at some interesting statistics. Ø   The world's most broadly adopted and comprehensive cloud, AWS has more than 1 million active users in 190 countries covering seventy-seven Availability Zones (AZs) in 24 geographic regions globally and holds 41.5 percent of the cloud computing market. With a 45 percent market share, AWS ferociously dominates the global Infrastructure-as-a-Service (IaaS) spa...