The financial services industry, or BFSI, is rapidly evolving, and consumers demand more convenience and accessibility in their banking experiences. To meet these demands, banks and financial institutions are turning to omnichannel banking, which seamlessly integrates multiple banking and service delivery channels into a cohesive…

Given the pace at which today’s digital customers function, businesses must implement strategies to collect payments quickly and efficiently. A Quick Response (QR) code offers that and more. QR codes have become integral to the payments industry in recent years, providing a cashless, convenient, and…

The traditional banking model has been dominated by physical branches, historically a significant barrier to inclusion for many people, particularly those living in remote and rural areas. To ensure greater Financial Inclusion and increase the outreach of the BFSI sector, the banks started giving permits…

Agency Banking is a branchless banking that allows banks and financial institutions to extend the network and reach of their products and services cost-effectively through authorized agents. On behalf of banks, an agent offers simple banking services like deposits, withdrawals, transfers, and bill payments to…

Digital wallets have emerged as one of the crucial players in the digital transformation journey of the banking sector. With their convenient and secure payment options, they have successfully captured the attention of consumers and businesses alike. According to a research paper, there were over…