UPI – Full Form (Unified Payments Interface), Registration, PIN, App
Since Indian government has decided to promote cashless transaction various payment system has emerged and UPI is the favorite one. UPI full form is Unified Payment Interface is a kind of internet payment services that let you pay for goods and services from anywhere and anytime without visiting your bank. All you need a smartphone to operate the UPI. NPCI (National Payment Corporation of India) introduced UPI in 2005. Earlier almost all financial institutions were hesitant to adopt it due to security concern. But it gained immense popularity as time passed by. And now almost 60% of transaction happening through in
Read moreWhat Are The Challenges SME Face in Getting SME Financing?
As per a report, the value of lending market for Micro, Small and Medium Enterprises is estimated to be Rs. 14 lakh crore approximately. Another report suggests that the SME financing market is expected to grow further with an annual growth rate of 7%. But the loan availing potential of individual MSME units differs from different industries and clusters. In fact, a large number of studies claim that most MSME units find it difficult to avail MSME loans at the time of need. Having said that, many new-age lending institutions are coming the market. They leverage latest technology and are
Read more17 Proven Ways to Boost Festive Sales & Revenue in 2021
If you are reading this post, you want to increase your sales in this festive season. The holiday season is one of the best times to rejuvenate the business. More and more consumers are willing to spend during this period than at any other time of the year. If you are a small business owner, then a small business loan is sufficient to expand. There are myriad business loans that are available in the market right now, aimed at assisting business owners, get ready for the sales onslaught. Even MSME loans and CGTMSE loans are designed to help these business owners prepare for the challenge. Here are 17
Read moreeKYC: What is E KYC, Meaning, Documentation, Process, Eligibility
Know Your Customer, or KYC is the initial stage in establishing a connection between a financial institution and a customer with the goal of preventing fraudulent actions such as money laundering. This is a series of procedures to verify the customer’s identification before initiating a transaction or using financial services. e-KYC was established and recognized as an appropriate way of KYC verification as digitization replaced otherwise time-consuming processes. EKYC, which stands for electronic KYC, refers to the digital verification of an identity that does not require face-to-face contacts. The procedure is straightforward, quick, and inexpensive. Let’s take a look at
Read moreBest Business Ideas for Leather Goods and Manufacturers
One of the most sought after and profitable business is the leather business. Leather goods are in great demand worldwide. They are sought after for the style factor and are often seen been carried by the affluent section of the society. However, with the efficient usage of manufacturing techniques and the presence of state of the art machinery, leather goods have found their way into the homes of the rising middle class too. The aura around leather had been broken and it could now be afforded by a larger section of society. For budding businessmen who wish to invest in the leather
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