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Fintech API platform FidyPay partners with Yes Bank

Fintech API platform FidyPay partners with Yes Bank

Fintech API platform FidyPay partners with Yes Bank Full-stack fintech API platform, FidyPay announced its strategic partnership with Yes Bank. As part of the alliance, FidyPay will enable a seamless Connected Banking experience to Yes Bank’s customers. Additionally, FidyPay will also be the Solution Provider for UPI services, it said in a press statement. Commenting on the alliance, Ajay Rajan,…

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BBPS API Which is known as Bharat Bill Payment System by which you can pay your bill online. One of the biggest advantage of BBPS API is that the bill can be paid anytime and anywhere. It is run by NPCI. BBPS full form Bharat Bill Payments System is an integrated online platform.

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With FidyPay's API banking payment services, users are no longer reliant on their banks' services. Instead, you may use FidyPay's services that, in turn, acquire the information needed by the original bank through API banking. Thus, API banking permits two specific applications in communication with one another, thereby exchanges information. Furthermore, it enhances customer experiences as users may finish all transactions under a single user interface. https://fidypay.com/product/api-banking/

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You can easily Manage your business payment with Fidypay that is empowering the country India by giving the digital solutions which Like API Stack. This helps developers to streamline the processes of finance and technology world.

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How to Make Your Banking More Connected with API Banking India?

The banking and financial services industry in India has evolved at a staggering pace within a short duration of time. One of the trusted and innovative breakthroughs in the banking industry right now is API Banking. What is the impact of API Banking India on the delivery of banking services? 

The banking industry has to adapt to the emerging requirements of consumers alongside fighting against their competition for success. Interestingly, APIs have provided the opportunity for open banking, which would provide more personalized and seamless banking across different platforms. Let us learn more about how API banking works and its role in promoting connected or seamless banking. 

Definition of API Banking

Before you find out how API Banking encourages connected banking, it is important to learn the fundamentals of APIs in banking. APIs or Application Programming Interfaces can help third-party applications use a specific interface for accessing a general set of services and tools. Subsequently, multiple businesses or platforms could use banking services alongside offering the same services to their customers. 

In 2016, the Reserve Bank of India launched the Unified Payments Interface or UPI. It served as a major tool for enhancing the popularity of banking APIs. As a matter of fact, some of the top banks in India offer a broad assortment of API banking services in different categories. Third-party organizations and platforms could explore multiple ways of using banking APIs to their advantage. 

How Can APIs Enable Connected Banking?

The answer to the question points to the flexibility for serving customers who live away from the branch or the ones who prefer online banking. As the demand for online banking gains momentum, it is reasonable to believe that API Banking India will grow in the future. More people have been using financial technology applications in response to the global pandemic in 2020 and its aftermath. Banking API integration on fintech apps has emerged as a promising solution for accessibility of banking services. Businesses in the banking industry could connect with fintech businesses and use technical tools to improve accessibility of their services. 

APIs could enable connected banking as API services provide access to core banking data. As a result, APIs could help in removing barriers between businesses and ensuring that all of them can access the same data. Another important highlight which proves the capability of API banking for creating connected customer experiences is the integration of legacy systems with API banking. For example, an organization could integrate ERP systems with API banking for direct management of cash payables and receivables through their ERP. 

Is API Banking the Future?

The growing adoption of API banking is a sign of a major transformation in the banking industry. As the world of banking embraces new technologies, API banking provides an easy way for businesses to access banking services. With a simple API, businesses could leverage banking services alongside offering the same to their customers. As a result, customers would not rely on different payment gateways, and they could complete financial transactions directly on the platform. Call FidyPay at 6232082424 to learn more about API banking and find the ideal solutions for creating a new generation of seamless banking experiences. 

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The Ultimate Guide to eNACH: What it is and How to Register

eNACH stands for National Automated Clearing House, eNACH is very important for you if you are a Mutual Fund investor or are related to any investment sector. This article will give you detailed information about eNACH and its ways. This article is for you if you are a beginner in the finance or investment space and is learning one step at a time.

What is eNACH?

eNACH is Primarily a mandate that any investor has to give to the investment company. eNACH facilitates the entire process of investment by automating payments from the bank accounts of the individuals. Previously, it was in physical format and included paper submission; however, it has turned out to be in the electronic form in recent times. eNACH is an initiative of the Government of India, and the body that looks after this procedure is the National Payment Corporation of India.

How to Register?

As we said earlier, to give the mandate, you have to provide a mandate, and there are a few steps for the eNACH Registration. We have tried to simplify the process in a few steps.

Login to the Investor’s Account- log in to your investor’s account, and you will get the option of the e-smart or e-mandate or anything called a One-time mandate. 

Select The folio- after selecting the e-mandate option, you have to choose the folio on which you want the mandate.

Select Bank Account- if you have multiple bank accounts attached to the Folio, you have to choose one account to register for the e-mandate. You also have to ensure that this bank is registered with NPCI for the emandate.

Authorizing the OTM- the last leg will include authorizing the OTM. This is to make sure that everything is in place. The investor logs in, and a minimum price is deducted from the bank account and registered the OTM.

This is the simple, hassle-free process of registering for the eNACH Mandate. This is a much easier process than the previous paperwork filled with complications. Other than that, there are zero eNACH Mandate charges, and it is free.

Things to Know

Since we have introduced you to what eNACH is and how you can register for it. Here are some things that we would like you to know in detail.

Through eNACH the Government is trying to create a secured and authenticated environment in the investment sector.

This process makes both the eNACH Services Company and the customers liable.

It is a user-friendly process and is also a step towards erasing the digital divide in India.

eNACH can be considered one of India's revolutionary steps as far as the investment sector is concerned.

Conclusion

The eNACH Solutions Company in India is trying its best to make this space safe space, and the customers should cooperate with these companies and try to spread the word amongst themselves. Likewise, we will stand firm and create an authenticated space in the future. Let's create a safe and authenticated space for all your investment needs with FidyPay, Contact us at – 06232082424.

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Understand the Basics of Point of Sale System: A Complete Guide

Introduction 

The short form of point of sale is the POS System. It is nothing but a transaction procedure after a product is purchased. It gets used for different purposes. It helps both customers and merchants to complete the process of sales securely. It is beneficial not only for retail shops but r businesses, and it is easy to access also. For example, a restaurant can also use a point of sale to complete the procedure. 

Here, we will discuss all point of sales and how it helps merchants and customers. However, there are different types of POS System Software. There are different kind’s pos systems available in the market; Merchants choose anyone among those according to their convenience. Follow our article carefully to know more about it. 

What is the exact point of the sales system?

A PoS System is a term that we use instead of a PoS terminal. Nevertheless, both of them are a little bit different from each other. People get confused between them because of their similar type of name and usage. PoS terminal is an electronic machine, while PoS is software that helps the PoS terminal do its job. PoS terminal process is the sale transaction and payments through credit cards.

Applications

You will be able to see most storefronts and shops. Mostly, it gets connected to a computer system which makes it easier to use. PoS System meaning can be different for different people, but it works in the same way to provide good service. So, in short, a PoS system is software that combines PoS software and a PoS terminal. 

How is it useful for businesses? 

It can get multiple jobs done for your business. Earlier, pos systems were keypad-based. However, now most pos systems are touch screens. It makes work easier. It can do everything when it comes to purchasing a product. It can do many essential tasks like billing, price adjustment, discount, menu customization, sales reporting, labor reporting, customer management, etc. you want to use one for your business. You can contact a PoS Services Provider Company.

From a sales perspective 

It can also initiate your sales. If you want to use this system, you can contact a PoS Solutions Provider Company. They will be able to provide you with the pos software along with the pos terminal. In this way, you will handle customers quickly, and your business will flourish. If you don’t know much about PoS Dashboard, then you are in the right place. 

Conclusion 

Now you know all about the PoS System. It is usual for people to get confused between pos software, pos system, and pos terminal, as they sound the same. However, they are different from each other. Their sole purpose is to serve customers and manage the business. It is mainly helpful for retail shops, restaurants, etc. It contains multiple essential tasks of these businesses. They can help you to understand this system in a better way.  Contact us at 06232082424 and Take the next step towards success with FidyPay!

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Everything You Should Know About The New POS System

Managing a retail store requires a scope of authority, executives, and promoting abilities. From guaranteeing sufficient stock to assembling month-to-month deals reports, these abilities are essential for your store to run as expected. Having a proficient POS Dashboard System can go quite far in ensuring that every one of your activities is working as one, and retailers that invest the energy and assets to execute such a system before they need it will receive the rewards.

More About POS

POS System meaning point of sale is where your client installs items or administrations at your store. Every time a client makes a buy, they're finishing a point of sale exchange. The most recent POS System Software goes past Visa handling to assist retailers and cafés with fusing portable point of sale highlights and contactless installment choices, internet business coordination capacities, and the sky is the limit from there.

Features Of POS

While looking for the best pos system for your private company, start with recognizing which highlights you want both today and later. Keep in mind the particular highlights you pos have to rely upon the stage you pick and the arrangement you pursue. A few pos systems have more restricted or even specific elements, such as table planning and menu the board for food-based organizations.

Benefits Of POS

Conserves time: Whether you're the proprietor or partner, POS systems assist with saving opportunities regarding administrative undertakings and the checkout cycle.

Provides experiences: POS systems give an abundance of information about your clients, which assists you with settling on better choices in regards to your stock, promoting, objectives, and cycles.

Measures with business: Regularly, POS software will come all the time with timely updates that assist you with remaining on top of things as innovation develops.

Mechanizes the less tomfoolery stuff: From stock administration to worker booking, POS systems handle this work for you so you can zero in on your more vital tasks.

Expands precision: The wiggle room gets more modest when you don't need to enter costs and things physically.

Gives adaptable installment choices: Since most POS frameworks accompany regular updates, your private venture can offer the best in class installment techniques.

How To Choose POS System

Now let’s talk about how to choose a pos system from a POS Services Provider Company:-

Cost- Always check out the prices, whether month to month, arrangement, or instalment handling charges.

Convenience- POS systems ought to be easy to use and require little preparation for staff. The absolute best systems have informative recordings, local area gatherings, and demos or preparing modes so new representatives can become familiar with the system.

Instalment Processing- Choose a POS system that incorporates either underlying instalment handling or joining with well-known instalment processors.

To Sum It Up

POS Systems are an absolute necessity for independent ventures. They assist with smoothing out buys, interface sales information to promoting endeavors, give adaptability to clients, oversee item stock, and give apparatuses to help with dealing with your staff. Power up your retail store with FidyPay now! call us at 06232082424 to get started.