Latest opinions that Nikunj Gundaniya has shared on Finextra

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Nikunj Gundaniya

Product manager

Digipay.guru

Member since

27 Dec 2019

Location

Ahmedabad

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Nikunj's opinions

What is a Merchant-Initiated Transaction (MIT) and How Does it Work?

Suppose your customer subscribes to a streaming service, sets up automatic payments, and never misses a renewal date. The money gets deducted every month without them lifting a finger. No manual entries, no delays. Just smooth and effortless transactions. That’s exactly how modern digital payments operate today. Behind such seamless payments lie...

12 hours /payments /inclusion

How do APIs help launch new wallet features quickly?

Your customers today expect digital payments to be instant, secure, and effortless. According to Statista, the global digital wallet payments market is projected to exceed $14.8 trillion by 2027. This growth reflects how fast wallets are evolving to meet user demands. When users experience instant P2P transfers, QR payments, or rewards in one wall...

12 November 2025 /payments /inclusion

How Banks Can Benefit from Offering Both Digital Wallets and Prepaid Cards

The way customers pay has changed forever since the digitalization of payments. In fact, in 2024 alone, digital wallets accounted for half of global e-commerce transactions, and prepaid cards recorded a 12% growth in usage worldwide. These numbers prove one thing: you can’t ignore either of them. Think about your customers for a moment. Some pre...

31 October 2025 /retail /inclusion

The Impact of Mobile Banking on SACCO Growth and Member Satisfaction

Did you know that over 60% of Africa’s adult population still lacks access to formal banking services? For millions of people, SACCOs remain the first and often the only bridge to financial inclusion. But here’s the catch: traditional SACCO systems are no longer enough to meet the rising expectations of members. And your members want speed, tran...

28 October 2025 /retail /inclusion

How Banks and Fintechs Can Use Prepaid Cards to Capture the Nigerian Market

Nigeria is Africa’s biggest economy with over 220 million people, most of them young and tech-driven. Yet, about 36% of adults remain unbanked, which limits access to formal banking. And this gap presents a huge opportunity for banks and fintechs like you. But how can you bridge this gap, and with what? Well, here’s the answer. Prepaid cards bri...

24 October 2025 /payments /inclusion

How End-to-End Payment Tracking Improves Trust in Global Money Transfers

Global money transfers fuel economies and connect families. Millions depend on them daily for business payments, salaries, and remittances. Yet, despite their importance, the process often feels uncertain. Just think about it: your customers send money abroad but face delays, hidden deductions, and zero visibility. And they are left wondering w...

13 October 2025 /regulation /inclusion

7 Questions to Ask Before Investing in a Remittance Technology Partner

According to the World Bank, global remittance flows to low- and middle-income countries reached $669 billion in 2024. That number keeps growing as more customers demand speed, affordability, and transparency in cross-border transfers. Think about it, your customers expect to send money from Nairobi to London or New Delhi to Lagos in minutes. Not ...

01 October 2025 /payments /inclusion

Common Onboarding Challenges Faced by Banks (and How to Solve Them with eKYC)

Suppose a customer walks into your bank for the first time. They expect speed, convenience, and trust. But instead, they face multiple forms, repeated document submissions, and days of waiting for approval. What happens next? They drop off. And once they leave, the chances of them returning are slim. Studies show that 68% of banking customers ab...

01 October 2025 /payments

How Payment Orchestration Is Changing the Merchant Experience

The merchant payment landscape is evolving faster than ever. New technologies that are shifting customer preferences and expanding global markets have redefined how merchants accept and process payments. Merchants today face more payment challenges than ever. Multiple gateways, diverse payment methods, and strict compliance rules often slow them...

29 September 2025 /payments /inclusion

Top 7 Challenges Banks Face in Cross-Border Remittances – And How to Fix Them

Cross-border remittances are growing fast; it doesn’t take a genius to say this. In 2024 alone, global remittance flows reached $860 billion, according to the World Bank. That’s a massive number. But here's the catch: most banks still struggle to keep up with user demands. Why? Because the remittance landscape has changed, while many systems hav...

16 September 2025 /retail /inclusion