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We looked inside some of the posts by financialsoftwareandsystems and here's what we found interesting.
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17
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The Need for CBDC in an Era of UPI and Cash Why does India need CBDC when we already have UPI and of course, cash? Both cash and UPI have their positives but also come with their own set of negatives. Can CBDC come in here and become the one answer to all of these problems? Visit us https://www.fsstech.com/payment-processing/upi
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FSS Payment Gateway – Accelerate Merchant Onboarding with Integration APIs Financial Software & Systems Visit us https://www.fsstech.com/omnichannel-payment-acquiring/payment-gateway
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RBI Extends Transaction Limits for UPI 123Pay and UPI Lite UPI 123Pay and UPI Lite are two features that RBI had introduced to make UPI payments even more convenient and easy than they already are. Recently, RBI further enhanced these features by increasing their transaction limits. Customers using UPI123Pay, which provides UPI functionality on feature phones, will have a per-transaction limit of ₹10,000, up from the previous cap of ₹5,000. The per transaction limit for UPI Lite was also increased from ₹500 to ₹1,000. Read more on this in the latest issue of Payments Watch. Visit us https://www.fsstech.com/payment-processing/upi
UPI payments
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Join the Payments Technology Revolution! FSS, a leader in payments technology and transaction processing is now hiring! Visit us https://www.fsstech.com/
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The UPI Fee Update: Striking a Balance Between Affordability and Sustainability UPI is preferred for its cost-free transactions. However, this no-fee structure might limit UPI platforms’ ability to invest in new features, security measures, and customer acquisition. A well-designed, tiered fee structure could help maintain the affordability of UPI for merchants while ensuring the financial sustainability of the payment ecosystem. Visit us https://www.fsstech.com/payment-processing/upi
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The UPI Fee Debate: To Pay or Not to Pay for Transactions Will you continue to use UPI if a transaction fee is introduced? 75% of users who responded to a survey said they wouldn't. But is there a case for charges on UPI transactions? Visit us https://www.fsstech.com/payment-processing/upi
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FSS AutoPay Capture New Revenue Streams by Combining Power of UPI and Recurring Payments. Visit us https://www.fsstech.com/atm-services
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Embracing the Cloud for Banking Innovation Banks today face unprecedented challenges in meeting customer expectations, ensuring security, and staying competitive. Cloud technologies have emerged as a transformative force, offering banks the agility, scalability, and innovation capabilities needed to thrive in the digital age.
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Unravelling the vision of FSS Blaze from a tech Lance. What is FSS BLAZE™? It is a platform that is conceptualized and designed with domain driven technology components having distinguished capabilities that play well together. We have built BLAZE™ to provide our company with the technical capability to build world class products and service repositories that are reliable, scalable and maintainable. Visit us https://www.fsstech.com/blaze
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The Central Bank Digital Currency (CBDC) puts India, a nation undergoing a digital revolution, to the point where it has more than shown its preparedness to welcome the future of money. The country is in a great position to seize the significant advantages this ground-breaking invention has to provide.
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FSS CashTech- Managing 40,000 ATMs with 24 x 7 x 365 services across India amidst the pandemic V Balasubramanian, CEO CashTech, elaborates on the steps FSS has taken to smoothly manage ATM operations and deliver 24X7X365 services amidst the pandemic. Visit us https://www.fsstech.com/fss-atm-managed-services
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If you've ever felt like digital payments make you spend more, you're not alone. A new study has revealed that people tend to be less strict with their budget while tapping a phone or a card as compared to taking out notes or coins. The study also found that the effect of the shift towards cashless transactions has become weaker over time, suggesting that as cashless payment methods have become more common, and have a less impact on consumers. Visit ushttps://www.fsstech.com/payment-processing/instant-payments
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At FSS, we pride ourselves in being a customer-centric and customer-first organization. The culture of our organization is built around the ethos of moving fast and experimenting with new offerings, markets & capabilities.
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