Virtual Accounts solutions, virtual account

Virtual Accounts: How They Actually Work

Businesses and organizations who operate a large number of bank accounts in some cases, in the thousands often experience difficulties in tracking and reconciling their payments and collections. There is also a significant cost in opening, maintainin...
virtual account, digital wallet based solution provider

Virtual Accounts: Enhancing Collections and Payments

Today, an increasing number of organizations have begun to recognize the benefits of using a single account for channeling payments and / or collections using Virtual Accounts (VA). Virtual accounts add value by streamlining, rationalizing and simpli...
request to pay, direct benefit transfer solution

Request to Pay: The new innovation in collections

Request to Pay (RtP) is a concept designed to give greater flexibility to consumers and businesses while making payments. It has also been quoted as being one of the key services that will be enabled through open banking. Request to Pay is intended ...
digital payment, payment gateway, payment wallet

The Role of Payment Wallets In Digitizing India

The e-commerce and online purchase industries have only seen better days since the emergence of digital payment modes.  Add to it the demonetization drive by the sarkar leading to the mushrooming of the digital payment platforms like Net Banking, M...
Mindgate’s Virtual Accounts solution coupled with its payment-on-behalf-of (POBO) and collection-on-behalf-of (COBO)

Mindgate’s Virtual Account Management solution

The global digital payment revolution has offered fertile conditions for improving efficiency and refining cash management operations for corporates to take advantage. Virtual accounts offer a particularly compelling option. Mindgate’s Virtual Acco...
corporate payments and collections the paradigm shift

Corporate Payments And Collections, The Paradigm Shift

For banks worldwide, payment and collection solution services are an increasingly important source of revenue and driver of loyalty among corporate customers. For corporate offices and SMEs, expectations around the efficiency and convenience of pay...
Why should Banks go for an Integrated Payments Hub

Why should Banks go for an Integrated Payments Hub

The payments landscape within banks is often-times complicated due to the many intertwined fragments such as payment type, currency, clearing mechanism etc. which comes as a part of the age old legacy systems. In most cases, banks have to deal with ...