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Eliminate the hassle of manually creating monthly recurring invoices forever!

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Disburse monthly asset purchase payments in less than a minute!

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The Evolving Landscape of Security and Privacy in FinTech

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Ecommerce Agency Owner Roundtable (Virtual Event)

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Disburse monthly company purchases in less than a minute!

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Step by step guide to kick-start your small business

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News

India’s tech companies have a big talent problem

Read More...

Minutes Show India Will Go Slow on Exiting Easy Money Policy

Read More...

Amplify e-commerce and help all MSMEs reach markets online

Read More...

A 2022 vision: 5 lessons from 2021 coming into focus

Read More...

Investors decode impact of Budget 2022 on startup ecosystem

Read More...

More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

Read More...

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

Read More...

How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

Read More...

Budget 2022: What is in it for startups?

Read More...

Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

Read More...

The Evolving Landscape of Security and Privacy in FinTech

Read More...

Ecommerce Agency Owner Roundtable (Virtual Event)

Read More...

Media

How did digital communication change post covid?

Read More...

Watch how pandemic has changed communication strategy for MSME companies

Read More...

In Conversation with Nimesh Shah Xebra Business Financial Suite

Read More...

Why every founder must do business financial analysis during this lockdown

Read More...

Four free business applications you can use while working from home

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Product

Decode cash flow statement to boost your company’s growth

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Step by step guide to kick-start your small business

Read More...

How can you maintain accounting accuracy for your small business?

Read More...

Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

Xebra makes payroll a breeze!

Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

How Cloud Accounting Can Help Small Business

Read More...

Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

As India leads digital payments, consumer experience, safety & innovation are key

As India made a massive transition to a cashless economy riding on cheap internet data, high smartphone penetration and easier on-boarding process, the country’s robust digital payment system is at a growth inflection point, feel industry experts. They believe as India has shown its agility in faster adoption of new technology by driving digitalisation of cash transactions, improving customer experience, providing safe and secured transaction platforms, simplifying processes, creating awareness and most important technological innovations are key.

Even as the economy is emerging from the brutal blow of covid, the year 2022 has begun with a strong rally in digital payments in the first month. Online transactions volumes from tier 2 and 3 cities on private payment gateway during 2021 show growth of 45.6% and 54.3% respectively, according to the Reserve Bank of India (RBI) latest bulletin released in February.

With the economy leaning on new technologies for innovation to improve efficiencies, there are significant risks of safety and security that online transactions may face. So, how is it possible to nurture the ecosystem of multiple payments instruments, along with the bigger adoption of digital payment methods for recurring use cases?

Innovation and agility are key, according to Amitabh Khandelwal, General Manager, Payment & Settlement Systems, RBI. “We have a wide array of payment systems. We have to continue with that. Instead, we can’t say that this is the entire ecosystem and these are the options that are sufficient and now we need not innovate. That is simply not possible,” he said.


PwC India expects the digital payments segment to grow significantly over the next three years in India. “By 2025, it estimates volume and value of digital transactions in India will reach 186 billion and Rs 238 trillion respectively. UPI (Unified Payments Interface) is expected to continue to dominate with a significant majority of transactions,” said Mihir Gandhi, Payments Transformation Leader, PwC India.
 

Read more at: https://bit.ly/3rbvnews09

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