Digital gold is still a concept that Indians are unfamiliar with. The distinction between physical gold and digital gold confuses the buyer to decide which they prefer. However, Indians love for gold is unprecedented which creates an opportunity for the digital gold market to boom in the coming years.
Digital Gold allows you to invest in pure gold in digital mode. The seller stores an equivalent quantity of physical gold in secured vaults. After making the payment, the buyer gets an invoice and the said quantity reflects under vault balance in your account with the service provider.
Noticeable changes have been seen not only in the increased digital adoption but also in the increased awareness of health, changes in mobility patterns and purchasing behaviour. There has been an increase in digital adoption for entertainment, shopping, education and financial services.
Digital wallets were made to replace the physical wallet. They store all the data of the consumer in a secured encoded format. Details such as bank account, debit, or credit card information to process payments and the payment details are stored in a digital wallet. This makes the payment process much more hassle-free and easier for both the sender and the receiver.
Unified Payment Interface (also known as UPI) is a system developed by the National Payments Corporation of India that facilitates interbank peer-to-peer or person to merchant transactions. It allows the owner of the account to make or receive payments or scan a Quick Response(QR) code to pay a merchant, individual, or authorize payments.
mBnk has taken its very own green initiative and tied up with EBikeCo, for their e-bike Rugged, which is India’s toughest ebike. It is made especially for the Indian roads, to help facilitate an eco-friendly mode of transportation. The numerous benefits only prove that electric cars are certainly the future.
By taking certain precautions, one’s likelihood to become a victim of cyber fraud reduces drastically. The financial frauds were majoritively through phishing and QR code/UPI scams, but consumers were also victims of card scams and skimming.
Bringing awareness to consumers is the biggest game-changer that can be there in this fight against fraud. Currently, the issues that are being faced are due to this lack of awareness. Vigilance and digital literacy, which can prove to be our defense against digital fraud.
Today on the 27th June 2021, we celebrate the 54th anniversary of the ATM. So let’s see how the transition from an ATM to a micro ATM can benefit a retailer.
The future of payments is here with the Aadhar Enabled Payment System (AePS), a system that uses the unique identification number on the Aadhar card linked to a bank account to make payments and withdrawals. AePS makes the consumer’s experience with making payments hassle-free.
The mATM is a small but handy device to help you boost your income. It is a complete solution for all the challenges posed by traditional ATMs. It is a culmination of both a digital as well as a physical platform, resulting in the birth of a “Phygital” platform to get the best of both worlds.
Online purchases have risen across geographies, with increases of six to 10 percentage points in most product categories by June 2020 versus the outbreak of COVID-19, according to a survey by UNCTAD and Netcomm Suisse eCommerce Association. The increase was stronger in emerging markets, reflecting consumers’ lower familiarity with online channels pre-pandemic than in advanced markets.
Electronic payments are beneficial to business owners as they help them reach a wider audience as not every customer has to be physically present in the store. They improve the purchasing process since there are no lines that customers need to wait in, they are easily accessible.
The goal is to let people across the length and breadth of India have access to financial services. Every individual should be able to use an ATM without wasting resources and time traveling or standing in long queues. The rural population should not be hesitant when making banking transactions.
mATM helps solve two issues, one being an alternative to ATMs since they are on a decline. The second issue is that to use an ATM, the closest one to the neighboring vicinity is 17 sq km away in the rural and semi-urban regions. We at mBnk are trying to avail the services of an ATM within a shorter range of distance to the people of the country as most of our population is the suburban and rural population.
According to the International Monetary Fund, India has the fewest ATMs per 100,000 people among the BRICS nations. The stagnated growth in the number of ATMs in India cannot cope with the digital disruption in the retail banking sector. A further decline is forecasted as operators are strained with software and equipment upgrade costs, which were mandated by the Central Bank to fortify security.
Aadhaar Enabled Payment System or better known as AEPS, is a system with the help of which you can perform many basic banking transactions. It enables the payments of the consumers, using their Aadhaar and by providing Aadhaar authentication at the point of sales or micro ATMs.
mBnk launches a Phygital Financial Services Marketplace for Bharat
“Without trust, we have no future. Innovation is impossible without trusting something new. Trust is the new capital and engine of progress. Managing and designing for trust is crucial to thrive in the digital age.”
mBnk to provide a digital platform enabling solutions for Banking, Financial Services and Insurance to the 840 Million underserved people in India
Noticeable changes have been seen not only in the increased digital adoption but also in the increased awareness of health, changes in mobility patterns and purchasing behaviour. There has been an increase in digital adoption for entertainment, shopping, education and financial services.
Digital wallets were made to replace the physical wallet. They store all the data of the consumer in a secured encoded format. Details such as bank account, debit, or credit card information to process payments and the payment details are stored in a digital wallet. This makes the payment process much more hassle-free and easier for both the sender and the receiver.
Unified Payment Interface (also known as UPI) is a system developed by the National Payments Corporation of India that facilitates interbank peer-to-peer or person to merchant transactions. It allows the owner of the account to make or receive payments or scan a Quick Response(QR) code to pay a merchant, individual, or authorize payments.
mBnk has taken its very own green initiative and tied up with EBikeCo, for their e-bike Rugged, which is India’s toughest ebike. It is made especially for the Indian roads, to help facilitate an eco-friendly mode of transportation. The numerous benefits only prove that electric cars are certainly the future.
By taking certain precautions, one’s likelihood to become a victim of cyber fraud reduces drastically. The financial frauds were majoritively through phishing and QR code/UPI scams, but consumers were also victims of card scams and skimming.
Bringing awareness to consumers is the biggest game-changer that can be there in this fight against fraud. Currently, the issues that are being faced are due to this lack of awareness. Vigilance and digital literacy, which can prove to be our defense against digital fraud.
Today on the 27th June 2021, we celebrate the 54th anniversary of the ATM. So let’s see how the transition from an ATM to a micro ATM can benefit a retailer.
The future of payments is here with the Aadhar Enabled Payment System (AePS), a system that uses the unique identification number on the Aadhar card linked to a bank account to make payments and withdrawals. AePS makes the consumer’s experience with making payments hassle-free.
The mATM is a small but handy device to help you boost your income. It is a complete solution for all the challenges posed by traditional ATMs. It is a culmination of both a digital as well as a physical platform, resulting in the birth of a “Phygital” platform to get the best of both worlds.
Online purchases have risen across geographies, with increases of six to 10 percentage points in most product categories by June 2020 versus the outbreak of COVID-19, according to a survey by UNCTAD and Netcomm Suisse eCommerce Association. The increase was stronger in emerging markets, reflecting consumers’ lower familiarity with online channels pre-pandemic than in advanced markets.
Electronic payments are beneficial to business owners as they help them reach a wider audience as not every customer has to be physically present in the store. They improve the purchasing process since there are no lines that customers need to wait in, they are easily accessible.
The goal is to let people across the length and breadth of India have access to financial services. Every individual should be able to use an ATM without wasting resources and time traveling or standing in long queues. The rural population should not be hesitant when making banking transactions.
mATM helps solve two issues, one being an alternative to ATMs since they are on a decline. The second issue is that to use an ATM, the closest one to the neighboring vicinity is 17 sq km away in the rural and semi-urban regions. We at mBnk are trying to avail the services of an ATM within a shorter range of distance to the people of the country as most of our population is the suburban and rural population.
According to the International Monetary Fund, India has the fewest ATMs per 100,000 people among the BRICS nations. The stagnated growth in the number of ATMs in India cannot cope with the digital disruption in the retail banking sector. A further decline is forecasted as operators are strained with software and equipment upgrade costs, which were mandated by the Central Bank to fortify security.
Aadhaar Enabled Payment System or better known as AEPS, is a system with the help of which you can perform many basic banking transactions. It enables the payments of the consumers, using their Aadhaar and by providing Aadhaar authentication at the point of sales or micro ATMs.
mBnk launches a Phygital Financial Services Marketplace for Bharat
“Without trust, we have no future. Innovation is impossible without trusting something new. Trust is the new capital and engine of progress. Managing and designing for trust is crucial to thrive in the digital age.”
mBnk to provide a digital platform enabling solutions for Banking, Financial Services and Insurance to the 840 Million underserved people in India
