Latest opinions that Abhinav Paliwal has shared on Finextra

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Abhinav Paliwal

CEO

PayNet Systems- A Neo Banking Software Platform

Member since

26 May 2023

Location

India

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Abhinav's opinions

What does the term Omnichannel specifically mean in the context of financial services?

Omnichannel in financial services means delivering a unified and seamless customer experience across all channels, such as mobile apps, websites, customer service hotlines, and in-branch visits. According to the 2021 World Retail Banking Report by Capgemini, nearly 80% of consumers expect an omnichannel banking experience, highlighting the growing ...

26 August 2024 /payments /inclusion Financial Services Regulation

What Are Digital Wallets? Exploring Their Rising Popularity

Internet services or electronic devices that enable online transactions are known as electronic wallets or e-wallets. Because these payments may be made using a computer or smartphone, they offer a useful replacement for traditional payment methods. Digital wallets are only as good as their software, encryption, and authorization processes. These ...

12 August 2024 /payments /markets Fintech World

How To Make Payments In The UAE vs Egypt?

Both consumers and organizations need to comprehend the payment trends and preferences in Egypt and the United Arab Emirates. Due to the COVID-19 pandemic, digital reforms, and central bank activities, both countries are experiencing notable shifts in their payment networks. UAE's Top Payment Methods And Trends 1. Decline in Cash Use: The United ...

05 August 2024 /payments Digital Bank Transformation

What are the popular payment methods in Nigeria compared to Saudi Arabia?

The Middle East and North Africa (MENA) area has witnessed a notable surge in the e-commerce industry in recent times, coinciding with notable progressions in point-of-sale (POS) payment systems. This dynamic change, which reflects a larger worldwide trend toward digital transformation, is reshaping how customers make purchases and how organizatio...

29 July 2024 /payments Fintech innovation and startups

QR Code Payments: What Exactly Are They?

The first QR code was created in 1994 to track cars as they were being manufactured by Denso Wave, a Toyota subsidiary. The ease of use and effectiveness of QR codes have fueled their expansion throughout time into a variety of sectors, including marketing, retail, and payment systems most notably. Using a QR (Quick Response) code to finish a fin...

22 July 2024 /payments Frictionless Payments

How Can Digital Wallets Boost Revenue for Utility Providers?

In today's digital era, efficiency is key across all aspects of life, especially financial transactions. One sector seeing significant change is utility bill payments, traditionally dominated by cash, checks, and bank transfers. Now, digital wallets are increasingly facilitating these payments, improving user experience and opening new revenue str...

08 July 2024 /payments Fintech World

Why Developed Economies are Benefiting from QR Payments?

It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example. Once...

24 June 2024 /security /payments Banking

Use Next-Gen FinTech to encrypt your digital payments instead of the OTP

In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time Passwords (OTPs) for protecting digital transactions. The call for development offers an array of options, offering both increased security and a bet...

13 February 2024 /payments /regulation Finextra site news

Transforming Cross-Border Payments with Open Banking APIs

The era of tiresome, hidden cross-border payments is ending, giving way to a smooth, digitized future powered by open banking APIs. This blog explores how these new connections alter the financial environment, giving your bank unprecedented growth and consumer happiness. Imagine a future where : Sending money across borders feels as easy as send...

07 February 2024 /payments /regulation Finextra site news

For Merchants, How Does Buy Now, Pay Later Work?

PayNet emerges as a pioneer in the rapidly expanding financial technology industry with its cutting-edge Neo Banking Software Platform. The Buy Now Pay Later (BNPL) platform stands out as a game changer among its variety of new solutions, revolutionizing the way financial institutions work. In this blog article, we'll go over the essential featur...

27 December 2023 /regulation /inclusion Finextra site news