Banks invest heavily in activating pre-approved credit customers through calls, emails, and SMSes and yet 99% of these efforts fail. Why? Customers perceive them as spam or simply don’t need the credit at the time. Credit Line on UPI (CLOU) solves this by converting credit to an on-demand product, offered contextually through payment apps that customers use daily. With 80% of pre-approved customers already using UPI apps, banks achieve 10X the activation rates by engaging them at the point of need. To learn more about this and other strategic advantages CLOU offers your bank 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗼𝘂𝗿 𝘄𝗵𝗶𝘁𝗲 𝗽𝗮𝗽𝗲𝗿 ‘𝗖𝗵𝗮𝗸 𝗗𝗲 𝗜𝗻𝗱𝗶𝗮: 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝘇𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗱𝗶𝘁 𝗟𝗶𝗻𝗲 𝗼𝗻 𝗨𝗣𝗜' 𝗻𝗼𝘄! https://lnkd.in/dxNeDPUZ #creditlineonupi #digitalcreditwithzeta #financialinclusion
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"Sir, do you need a personal loan? There is a pre-approved offer for you at ...". Thanks, but I don't need it anymore. Credit Line on UPI shifts how credit is marketed by banks and accessed by customers— an always-on, transparent, convenient relationship for both the bank and the customer. It is about to disrupt and catalyze how Indians use credit to chase aspirations, build businesses, invest in growth, and power their future. Don't miss the whitepaper below. Exciting times ahead. #nextgenbankingtech #creditlineonupi #payments
Banks invest heavily in activating pre-approved credit customers through calls, emails, and SMSes and yet 99% of these efforts fail. Why? Customers perceive them as spam or simply don’t need the credit at the time. Credit Line on UPI (CLOU) solves this by converting credit to an on-demand product, offered contextually through payment apps that customers use daily. With 80% of pre-approved customers already using UPI apps, banks achieve 10X the activation rates by engaging them at the point of need. To learn more about this and other strategic advantages CLOU offers your bank 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗼𝘂𝗿 𝘄𝗵𝗶𝘁𝗲 𝗽𝗮𝗽𝗲𝗿 ‘𝗖𝗵𝗮𝗸 𝗗𝗲 𝗜𝗻𝗱𝗶𝗮: 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝘇𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗱𝗶𝘁 𝗟𝗶𝗻𝗲 𝗼𝗻 𝗨𝗣𝗜' 𝗻𝗼𝘄! https://lnkd.in/dxNeDPUZ #creditlineonupi #digitalcreditwithzeta #financialinclusion
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Our marketing team's banking experts have put together an insightful read on how banks can leverage Credit Lines on UPI (CLOU) for strategic growth and deeper customer engagement. For banks, CLOU offers a unique opportunity to: 1. Enhance the customer experience by providing seamless credit access directly through UPI. 2. Unlock valuable insights into customer spending behavior, allowing for more personalized and targeted offerings. This is a must-read for anyone interested in the strategic benefits of CLOU in the fast-evolving digital payments ecosystem. #DigitalBanking #UPI #CLOU #Fintech #CustomerExperience #FinancialInclusion
Banks invest heavily in activating pre-approved credit customers through calls, emails, and SMSes and yet 99% of these efforts fail. Why? Customers perceive them as spam or simply don’t need the credit at the time. Credit Line on UPI (CLOU) solves this by converting credit to an on-demand product, offered contextually through payment apps that customers use daily. With 80% of pre-approved customers already using UPI apps, banks achieve 10X the activation rates by engaging them at the point of need. To learn more about this and other strategic advantages CLOU offers your bank 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗼𝘂𝗿 𝘄𝗵𝗶𝘁𝗲 𝗽𝗮𝗽𝗲𝗿 ‘𝗖𝗵𝗮𝗸 𝗗𝗲 𝗜𝗻𝗱𝗶𝗮: 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝘇𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗱𝗶𝘁 𝗟𝗶𝗻𝗲 𝗼𝗻 𝗨𝗣𝗜' 𝗻𝗼𝘄! https://lnkd.in/dxNeDPUZ #creditlineonupi #digitalcreditwithzeta #financialinclusion
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Setel To Charge 1% Convenience Fee For Credit Card Top-Ups Next Month Fuel payment app Setel has recently issued a notice to users, announcing that it will soon charge 1% convenience fee for every credit card top-up. This change is set to come into effect next month on 5 December 2024. Setel notes that these additional charges will not apply to automatic top-up transactions into their digital wallets. Other methods of adding value, such as using debit cards, digital wallets and online banking, will remain free for now. The notice adds that the new 1% fee for credit card top-ups is non refundable. Setel says it will reflect this change to its Product Disclosure Sheet as well as its Terms & Conditions accordingly nearing implementation. (Source: Alfian Azura, via Facebook / Amanz) The post Setel To Charge 1% Convenience Fee For Credit Card Top-Ups Next Month appeared first on Lowyat.NET. https://ift.tt/rgA3Iyl
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Experience the convenience of cardless cash withdrawals with the Ezypay AePS app. Our secure and convenient platform allows you to perform balance enquiries and access basic banking services effortlessly through Aadhaar authentication. Say goodbye to the hassle of carrying physical cards and hello to seamless transactions anytime, anywhere. Our interoperable system ensures compatibility across various banks, offering you unparalleled flexibility and convenience. With just a few taps, you can check and download mini statements, empowering you to stay on top of your finances with ease. Whether you're on the go or at home, the Ezypay AePS app puts the power of banking in the palm of your hand. Experience the future of banking today with Ezypay AePS and simplify your financial transactions like never before! #ezypay #boostyourincome #digitalservices #moneytransfers #billpayments #retaileropportunities
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Fintech Evangelist | International Business Development, Presales, Strategic Partnerships, Program & Key Account Management
The QR Code Payment process by Mastercard unfolds in 11 steps: 1. The merchant provides the QR code, Merchant ID, and transaction amount to the consumer. 2. The consumer, using the Payments App, scans the QR code or enters the Merchant ID and confirms the payment. 3. Data is transmitted to the Acquirer (Nuvei) or Wallet (PayPal or Alipay), referred to as the Originating Institution, to initiate the MPQR Payment. 4-5. The Acquirer or Wallet secures the funds and makes a Payment API request to Mastercard. 6-7. Mastercard forwards the transaction request to the Receiving institution, Issuers (Wells Fargo or Citi), who either approve or decline it. 8. If approved, the merchant's account is credited, and a payment notification is sent to them. 9-11. Payment Transaction Response is sent back from the Issuer through Mastercard to the Acquirer and ultimately the consumer, along with a notification of the payment outcome. #payments #fintech #mastercard #qrpayments #instantpayments
The QR Code Payment by Mastercard in 11 Steps👇 𝗛𝗲𝗿𝗲 𝗶𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀: 1️⃣ Merchant presents QR code, Merchant ID and transaction amount to consumer. 2️⃣ Using Payments App, consumer scans QR code or enters Merchant ID and confirms payments 💳 3️⃣ Data is sent to the Acquirer (Nuvei) or Wallet (PayPal or Alipay) - called Originating Institution - to initiate MPQR Payment 4️⃣ & 5️⃣ Acquirer or Wallet secures the funds and does a Payment API request to Mastercard. 6️⃣ & 7️⃣ Mastercard passes the transaction request to Receiving institution, Issuers (Wells Fargo or Citi) who approves ✅ or declines ❌ it. 8️⃣ If approved, the merchant’s account is credited and a notification of payment is sent to them 9️⃣ - 1️⃣1️⃣ Payment Transaction Reponse is sent back from the Issuer through Mastercard to the Acquirer and finally the consumer with a notification of payment outcome 👋 I highly recommend reading the complete masterpiece explainer by Arthur Bedel 💳 ♻️ : https://lnkd.in/gSYYE2Nu And sign up for the newsletter to get more great updates like this in your inbox👌 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentindustry #fintech #fintechindustry #financialtechnology #qrcode #qrpayments
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Card Management. Made Better. Experience a new way to set transaction limits, view spending insights, add cards to your digital wallet, and more - all available in our upgraded mobile banking app. Using the new card management features, you can: • Set card controls by location, merchant type, and spending limits. • View spending insights for a clear picture of when and where your purchases were made. • Add travel plans so you can use your card worry-free. • Receive transaction alerts, fight fraud, quickly reach support, and more! Just make sure your app is up to date and simply tap My Cards to get started. Visit MB.bank to learn more. Member FDIC #MobileBankingBankingMadeBetter #MillenniumBank #CardManagement
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Experience the convenience of cardless cash withdrawals with the Ezypay AePS app. Our secure and convenient platform allows you to perform balance inquiries and access basic banking services effortlessly through Aadhaar authentication. Say goodbye to the hassle of carrying physical cards and hello to seamless transactions anytime, anywhere. Our interoperable system ensures compatibility across various banks, offering you unparalleled flexibility and convenience. With just a few taps, you can check and download mini statements, empowering you to stay on top of your finances with ease. Whether you're on the go or at home, the Ezypay AePS app puts the power of banking in the palm of your hand. Experience the future of banking today with Ezypay AePS and simplify your financial transactions like never before #empowerretailers #ezypayportal #digitalbanking #financialinclusion #retailrevolution #joinezypay #distributoropportunity #transformretail
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Ensure your payments always land safely — skip the mailbox and go digital. Just like choosing a direct flight for peace of mind, using your bank's payment app is the safer, faster route to secure transactions! #PracticeSafeChecks Buckle up and learn more at PracticeSafeChecks.com
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Convenience has made digital wallets the fastest-growing payment method in the U.S., encouraging users to spend more than nonusers. This edition of the Money Mobility Tracker® with Ingo Payments examines how payment providers can help merchants close the digital wallet gap: https://lnkd.in/eMn_Wafu
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🍕💸 Slice Up Your Payments with Zelle®! 💸🍕 No need to download another app to enjoy the convenience of Zelle® – it's already baked into your online and mobile banking. Whether you're splitting the pizza bill or piecing together funds for a gift, Zelle® makes sending and receiving money as easy as pie. Get started today and let the dough flow! 🥧👛 #Zelle #MoneyMadeEasy #BankingSimplified #SliceOfLife #DoughFlow
