Advances in security technology and the evolving habits of customers has led to rapid growth in the payments industry. Here are some key trends that are redefining the future of payments. It is evident that instant payments are the future of payments. Explore the potential of payments modernization with enterprise-ready solutions from paycorp.io. Revolutionize Digital Payments with Paycorp.io Make your digital payment…
The world has changed and has changed once and for all. Businesses big and small seek ways to gain back control over their customer base, revenue and cash. It was reasonable for utility providers to expect that more than 80% of all their bills to be paid in time by the customer. We estimate that this will drop to less…
The banking industry has been one of the most eager adopters of technology, and also one which has perhaps managed to derive the maximum benefits out of the same. Not only has technology aided in significantly streamlining banking operations, but it has also massively improved customer experience when it comes to availing the services of financial institutions. One such aspect…
In recent years, countries around the world have made significant efforts to upgrade financial transaction processes with a view to enable faster payments processing, real-time settlements and secure transactions. Real-time payments are steadily gaining popularity across the globe. Several countries like the United Kingdom, Denmark, Mexico, Chile and India, among others have real-time payment systems in place, that can transact…
A good number of businesses have recurring receivables. A products company earns annual maintenance, which as the name suggests, accrues each year. Lenders get their principal and interest paid in a fortnightly or monthly repayment cycle. Insurance companies receive their premiums monthly, quarterly, half-yearly or annually. Utility companies like electricity or internet service providers have monthly receivables, though the value…