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RBI Rolls Out Credit Lines On UPI: An In-Depth Detail

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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...

Importance Of Data Security In Payment Integration

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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...

The Rise And Future Of AWS Cloud In Fintech Industry

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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...

Is it possible for ChatGPT to replace Google in coming future?

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These days ChatGPT has become so popular that even some reports says that Google is concerned about its recent debut in the market. As the AI model is been making the headlines in the market since its launch last year, it has the ability to respond to wider range of questions for each human speech and has impressed a lot to the world. One of the main flaws which claims that ChatGPT can replace Google is that it is a simple search engine whereas ChatGPT is a complex machine learning system. A Brief Overview on ChatGPT ChatGPT which is abbreviated as Chat Generative Pre-Trained Transformer is one of the AI (artificial intelligence) chatbot that uses natural language and thus process to create human like dialogue. It can respond to multiple questions and thus can write content which include articles, social media post, blogs, essays, emails, resumes and much more. How does ChatGPT works? The working of ChatGPT has lots of advanced benefits as it can comprehend the meaning behind the...

Use of Social Media: An Advantage or A Disadvantage

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Social Media has become the part of our day-to-day life and has been playing a crucial role in each sector. With our daily lives, we are so dependent on social media that we even do not wonder about how it benefits or have drawbacks in digital world. It has drastically changed the way to communicate with each other. Today, we will discuss about the use of social media and how does it give us advantages to use or some disadvantages as well. Advantages of using Social Media 1. Online Promotion and Advertising To connect with larger audience, through social media platforms it has been become so easy to interact with each other. We need to promote our businesses either online or offline for our products and services as it is huge factor for the survival of business in today’s competitive market. Hence, social media plays vital role to make the presence of your business online and promote it to wider audiences. 2. Keep Up-To-Date Another important advantage of using social medi...

Latest SEO Trends for Businesses to stay ahead in 2023

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In todays competitive and digital world, the need of Search Engine Optimisation (SEO) has boost for all type of online business in all size. Staying updated with all latest trends in 2023 is very crucial nowadays. In 2023, SEO is revolving around and understanding these important tactics will help to gain more visibility, attract more customers and thus thrive in competitive marketplace. Below are some widely used and latest SEO trends that one should keep up with to increase their new business success: 1. User Experience is Crucial User experience (UX) is always been crucial in SEO as now Google’s algorithm gives high priority to the websites that provide a seamless and effective user experience. Hence, you should ensure that your website is mobile friendly, loads quickly and gives easy navigation. Therefore, you need to pay attention to the design, readability to boost your SEO rankings. 2. High-Quality Content As we know that content still remains the king in SEO world, but...

Latest update on Google Chrome: 9 ways will change the way you browse the internet

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A major update has been released by Google recently for chrome internet browser which is named as Chrome 90. This is the new update which has much to offer such as improved video conferencing experience, decrease data consumption and also makes it easier to perform the several other tasks. Another crucial development is FLoC which is Google’s new way thus to track the users and show ads but the features are still under testing and they have not been rolled out widely yet. Below are some of the ways on how Google is changing the internet browsing experience with its new update Chrome90 as: Improved video meetings The Google chrome 90 comes with the new codecs that offers better compression that will also improve the quality of the video calls and also will consume less data. Hence, people an expect that they can make the good quality video calls in low bandwidth. So, even if you are using your mobile hotspot to connect on video calls, then also you will experience the better video...

10 Reasons why small business should need a Mobile Application

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Mobile applications have been an integral part of our day to day lives and are important to manage the important business processes that can help the industry size. Let us have a look at some of the major crucial reasons why small business should need a mobile application for their organization as below: 1.       Demand of customers Creating a user-friendly mobile application can help your customers to engage with your business in a smooth and highly engaging manner. 2.       Feedback and behavior It is also important for the customers to know what the products they are using and what are their feedbacks and reviews while using them. The mobile application for your business will help the customers to provide you such feedback on your products or services. 3.       Brand identification The mobile apps can help your business to contribute to brand awareness and can help you understand your business in b...

Students Loan vs. Business Loan: Which is Right for you?

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You might be looking for a loan for many reasons for your business as well as for your own. A sudden spike in the sales might have created the requirement to take a loan for your business or for your studies. While tailoring business loan there would seem lots of obvious choices by favoring their simplicity and easy application. Even though business loans are the most appropriate option when someone needs to finance for their business, on the other hand, student loan remains a popular viable option for this purpose. You can visit a premium students loan center and can fill out the form of w2 generator for office use that will help you to generate loan for you. Students loan vs. Business Loan A student loan is a type of financial assistance which usually is designed to assist the students to pay for their school-related fees, their tuition fee, school supplies, books, and other major expenses. Many of the student loans are offered by the colleges or universities itself at...