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Decode cash flow statement to boost your company’s growth

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Eliminate the employee onboarding hassle with Xebra’s automation

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India’s tech companies have a big talent problem

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Minutes Show India Will Go Slow on Exiting Easy Money Policy

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Amplify e-commerce and help all MSMEs reach markets online

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A 2022 vision: 5 lessons from 2021 coming into focus

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Investors decode impact of Budget 2022 on startup ecosystem

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

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

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

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Budget 2022: What is in it for startups?

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Xebra’s Vendor Portal that streamlines payments

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Improve your cash flow with Xebra’s dedicated client portal

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

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

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Eliminate the hassle of manually creating monthly recurring expenses forever!

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

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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!

Read More...

How did digital communication change post covid?

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Watch how pandemic has changed communication strategy for MSME companies

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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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Increase your cash-flow and profitability with Xebra!

Read More...

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

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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

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Step by step guide to kick-start your small business

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How can you maintain accounting accuracy for your small business?

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Onboarding Simplified for MSMEs

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How & Why Saas tools can help your small business?

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

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Xebra makes payroll a breeze!

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How does an invoicing software work?

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

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

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

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Accountant Vs. Bookkeeper- What’s the difference?

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Will accountants be replaced by computers in the coming years?

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

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

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

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All You Need to know about Banking Terms

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Everything you wanted to know about Tax Deducted at Source TDS

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5 Ways Small Business Are Adopting Cloud Software

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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How Cloud Accounting Can Help Small Business

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Don’t let the lockdown impact your business

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Why every founder must do business financial analysis during this lockdown

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Four free business applications you can use while working from home

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The 10 features in an ideal Online Invoicing Software

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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

Read More...

Product

Decode cash flow statement to boost your company’s growth

Read More...

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...

India’s Innovation in Payments Tech: How Far It Has Come and What Can We Expect?

India is becoming an exciting platform for development and testing of new payment technologies thanks to progressive regulatory policies, digital innovations and expanding mobile internet use, writes Cashfree Co-founder Reeju Datta in the PYMNTS eBook, “Endemic Economics: 32 Payments Execs on the ‘Next Normal’ That Never Happened.”

 

At present, it is thrilling to see India’s transformation from a cash-dependent economy to an economy known for its digital payments landscape. The payment industry is going through a digital transformation driven by progressive regulatory policies, digital innovations and growing mobile internet usage.

Innovations That Hit the Mark

India is becoming an exciting platform for development and testing of new payment technologies. The volume of digital payments in India has increased by 33% year-on-year (YoY) during FY 2021-2022. A total of 7,422 crore digital payment transactions were recorded during this period, up from 5,554 crore transactions seen in FY 2020-21, according to the Ministry of Electronics and IT (MeitY).

In 2021, Unified Payments Interface (UPI) became the undisputed payments champion. It was the most used platform for digital transactions during the period, accounting for 452.75 crore transactions with a value of ₹8.27 lakh crore, until the end of February 2022.

The next phase of growth in UPI is expected to come from the AutoPay feature, which allows recurring payments of up to Rs 5,000. UPI AutoPay has seen massive traction in the past few months. Recently, the Reserve Bank of India (RBI) has said since half the transactions on the UPI platform are of small value, it will enable them through an “ondevice” wallet in UPI applications, to help reduce stress on the banking system and make the transaction process even simpler. Further, the RBI has also said it will launch a UPI-based digital payments solutions for feature phone users.

India’s buy now, pay later (BNPL) industry is also booming and expected to surge with the rapid rise in the number of users. The advantage of BNPL lies in its convenience as a payment option. The short-term financing option is especially gaining much popularity among the masses in India, as it enables them to buy commodities of larger ticket-sizes, converting them into affordable buying options. From a business point of view, brands in India are also tapping into BNPL’s benefits such as increase in the customer lifetime value, conversion rate, engagement rate and customer return rate.

What’s Coming in the Near Future?

SoftPOS and banking as a service are two spaces where we can expect rapid and even visible development.

Internet companies and emerging FinTechs are increasingly looking to embed financial services into their products. This is leading to the development of enabler platforms that offer Banking as a Service (BaaS) and help bridge the gap between companies and banks, bringing in exciting possibilities in the banking ecosystem as well as in the future of payments.

Read more : https://bit.ly/3LxjJTv

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