Published on December 22, 2022
Technology and innovation go hand in hand to ease our life. A revolution of sorts has occurred in the banking and payment industry in the past decade, all thanks to technology. We can deposit money as well as make payments right from the comforts of our home. There are companies that have made it easier for consumers by making the entire process digital. From offering recurring payment solutions to being the hand behind technological solutions, these companies have enabled the users to make payments without worrying about carrying cash and cheque books unlike olden days. Today, you just need to carry your phone and the world becomes your oyster.
Paycorp.io
Paycorp.io is the ideal solution for those who frequently forget to make recurring payments such as bills, salaries, EMIs, etcon time owing to busy schedules. This B2B recurring auto debit solution saves time, money, and effort because the payment is completed the same day. It also ensures that the organisation will never be charged for late payments. It supports payment through several gateways with options for ACH, UPI, and cards. This procedure is made possible by the numerous digital touchpoints, such as WhatsApp, link push, and portal. An additional benefit is the direct interface with six banks.
Razorpay
Customers of e-commerce companies can use payment gateways that are safe and secure thanks to Razorpay. Scammers can easily create payment pages in the modern era and defraud both consumers and businesses. Thus, Razorpay ensures that such anti-social elements are unable to get a foothold. This Indian founded company enables a business to accept payments from customers, process the transaction and automate payment to vendors and employees. This means that the money flow is always good and the business never runs out of working capital.
Payoda
The 2005-founded business is well-known for its cutting-edge technology, engineering methods, and customer-focused philosophy. It has created a web application called AppViewX that allows institutions to handle data centrally and sync different bank branches to offer cohesive solutions. It offers customised services for experience design, the Internet of Things, product engineering, and robotic process automation.
PayPal
A global brand, PayPal has 400 million active users. When it comes to payment service providers, it is the most reputable name. It provides a variety of tools to run and grow the business, providing all the resources one needs in one practical spot. It provides simple payment when connected to the company account. The best feature of PayPal is that it accepts payments made online, via the app, and via email. Due to the large number of users, it is widely accepted everywhere.
Paytm
Paytm is a provider of quick and safe UPI payments as well as online payments, and it has filtered into everyday life for the average person. In fact, Paytm has become synonymous with online transactions. From upscale restaurants to street vendors selling dresses, everyone has risen to the challenge after receiving training in online transactions. Consumers no longer have to deal in cash and wait around for change which saves time and hassle. It is the present and future of online payment in India because it is secure, easy, and time-saving.