Digital Payments | PayMonk

Cash based transactions are the most inconvenient and inefficient options available in the financial sector these days. Digital Payments on the other hand has revolutionized the face of payments and surely opened a lot of opportunities for the common man. There are some key benefits with digital payments:

1. Seamless track of all the transactions.
2. Women’s participation in economy.
3. Transparency and accountability
4. Integration of digital payments have surely addressed the issue of domestic resource mobilization.

A recent study conducted by Moodys reported that between 2008 and 2012, greater usage of digital payments added $983 billion in the entire world’s economic growth, which is equivalent to creating 1.9 million jobs.

Financial inclusion has been broadly recognized as critical in reducing poverty and achieving inclusive economic growth. Greater access to financial services for both individuals and firms may help reduce income inequality and accelerate economic growth, according to the World Bank.

As the whole world is shifting towards digital payments, the security concerns are inevitable. There are always people out there to take undue advantage of the loopholes in our payment systems. Obviously, all the Fintech companies are keeping the aspect of cybersecurity on highest priorities. As cybersecurity is a trending thing these days, the cyber jobs are getting more popularity.

A nation like India, where people still fear digital transactions, a benchmark has to be set to make it a cashless economy. Especially in rural areas, people still believe in banks rather than transacting money online. As a major reform in Customer Service Points, PayMonk has given it’s best shot to convert the rural areas into cashless ecpmomies.

For more information, visit: https://www.paymonk.com/

Source: https://www.betterthancash.org/why-digital-payments

UPI App | Paymonk

With a monthly volume of over 800 million UPI (Unified Payments Interface) Transactions, it’s a buzzword now. Now with the world revolving around cashless transactions, UPI is inevitable. As of March 2019, there were 142 banks live on UPI. Today there are lot of UPI Apps available in the market with a benefit of linking more than one bank account. Money requests and sending can happen in a variety of ways. For example, in Google Pay, you get a range of options like Mobile Number, Bill Payments, Mobile Recharge, Bank Transfer, UPI ID or QR Code and Self Transfer.

Having one of the trending   is handy as you don’t have to hassle for cash withdrawals and carrying money in your wallet. Some of the trending apps are:

• Google Pay
• Phone Pe
• Paytm
• Freecharge

Now for the merchants, there are very few apps which can help them run their business smoothly. An emerging UPI app has been launched by PayMonk, one of the fastest growing Fintech Company in India. It has a great retail network. Anyone can setup his/her own business by becoming a merchant. This UPI app has great benefits with no initial start-up cost. It is very user friendly and can do wonders.

Also, PayMonk recently launched the lending platform for getting a personal loan. PayMonk is one of the best Fintech Company to rely on. It is one of the leading provider in the field of digital financial transaction platform to its customers in India, Europe, North America and Africa. PayMonk is backed up by experienced professionals from leading Global IT companies.

About PayMonk

With more than 100 man years of leadership experience across geographies and deep domain knowledge in focused industries such as Financial Services, Banking, Insurance, and Government, PayMonk offers valuable products to clients; enabling them to achieve superior financial outcomes through next generation and flexible technology platforms, mature processes and deep strategic thinking.

For more info: https://paymonk.com/upi.html

Best Way To Get A Personal Loan

If you are Prepared to initiate a business, buy a car, buy a home, launch a store, purchase a new machinery or any appropriate aspect where you are short of cash, the first thing that comes in is searching for the “Best way to get a personal loan”. Out of all the market brands, PayMonk is the most user friendly platform to look for this. Either one can become a retail agent or can directly consult a PayMonk retailer for availing loans. There are three choices for loan accessibility, only the retail agents of PayMonk can use for it.

1. Retailer Loan: Retail partners are able to apply for a fast loan of Rs. 10,000 to Rs. 2 surpasses and can optimize their AEPS (Aadhar Enabled Payment System) business.
2. Vehicle Loan: 2 wheeler and auto loans may be given from the retail agents through PayMonk's platform.
3. Business Loan: anybody who wishes to setup a company can only contact their nearest PayMonk retail point for availing fast loans.

How it works?

• Online Form Publish and uploading of KYC documents
• When approved, the terms and requirements have to be assessed.
• Within 24 hours, get your loan deposited in your bank account.

The lending associates of PayMonk offer Extremely Fast And hassle free experience with your personal loans together with flexible Repayment procedures. Even with a poor credit score, PayMonk approves your loan. So what are you waiting for, contact today for more information:  http://paymonk.com/agent-partner.html

Indian Railway Agent Registration Form

Want to start your own business? Indian Railways provide online portals for ticket booking. People reserve their tickets through online portals but a general citizen doesn't enjoy privileges which are always there in the event that you function as an agent to reserve tickets. There are numerous advantages, which are cited below:

• There is not any limitation for the no. Of IRCTC ticket booking
• The tickets are genuine and there are no cancellation instances.
• There's no need of commerce license for operating a agent
• A direct login is provided to the agents

All you have to do is apply for becoming ab agent by filling  Indian Railway Agent Registration Form. As an alternative, you may get other benefits of AEPS, national cash remittance, utility bill payments, recharges, etc should you turn into a PayMonk retail partner.

PayMonk delivers broad range of services at a very aggressive pricing. The setting up price is very reasonable and anyone can become a retail agent. In accordance with the latest updates from the Fintech company, one can even be part of cash lending services. Anyone who wants to upgrade from a basic strategy to silver or platinum plans, the additional services could be flight bookings, hotel bookings, bus tickets, PAN card, etc..

About PayMonk

It's a multi culture, prospective focussed organisation with an unquestionable history in the past years.

For more information: http://paymonk.com/irctc.html

PAN Card Franchise

A Lasting Consideration Number (PAN) is just a ten-digit alphanumeric number, on average in the shape of a laminated card. It is given by the Revenue Tax Department. The quantity is exclusive for every single and every tax-payer. You will find no. of benefits of a PAN Card viz. IT earnings Processing, Opening Demat bill, Hotel/restaurant expenses, purchase/sale of goods and solutions, etc. 

If anyone really wants to start a home centered organization which include PAN solutions, one wants to learn the essential things about PAN. For being a PAN agent, a fundamental study over the commission facts is required beforehand.

The PAN card companies given by PayMonk are mentioned below: 

• Request for new PAN Card
• Making Changes/Corrections in PAN Card
• Re-Issue of Lost/Damaged PAN Card

Anyone can create a PAN Card Franchise but without proper advice, a considerable amount of risk is involved too. Since the technology is growing at an exponential charge, persons attempt to avail such services from NSDL/UTI. For subscription purpose, it's possible to start a PAN middle by calling a dependable business for this purpose.

With PayMonk's instinctive items and 24/7 help, opening a PAN Card Operation is a cake walk now.

PayMonk is really a FINTECH answer organization and provides great products to their great pool of retail brokers and bright tag partners. It mainly offers Financial Transaction Platform to it's consumers in India, North America, Europe & Africa.

Learn More: http://paymonk.com/pancard.html

Digital Lending: Online Money transfer in India for Fintech brands

All the “the perfect time to decision” pertaining to small and channel corporation is around 3-5 weeks. Digitizing credit rating offers you large features that will clients and additionally banks. Digitization is just about the norm meant for list price consumer credit rating processes. Personal cash loan and other connected services turned out to be much less difficult with the help of digital transformation. Financial institutions at this moment allowing main concerns towards SME lending. The business opportunities in these cases often be high. 

Any main reasons for choosing virtually any electric lender really are lower endorsement and additionally disbursement times. Busting the funds emergency has grown into notably simple collectively just requires to excellent a digital financial partner. Quite a few Fintech startups contain construct these ground-breaking choices not to mention increased 2.5 thousand $ in the last 7 years. The actual main edge just for purchasers listed here is they you shouldn't are limited to their age along with credit ratings scores. 

The key challenges in this particular handheld wave might be the results purchase plus usage. An agile approach is required to deliver such online money transfer in India. The indian subcontinent.The conventional parts will never are employed in an electric world. Whatsapp has confirmed desire to go in this particular domain. Your tech-giant small business Search engines can't stay dumb, then it carries packages intended for Bing Take care of that may offer short term loans. 

Paymonk, a new growing rapidly comprehensive support Fintech Resolutions Organization, provides ground breaking incorporated Digital camera Financial Dealing System in order to her purchasers throughout India, N United states, Europe & Africa. It features a considerable store circle for the purpose of handheld finance services. In the following that two years, essentially 400 trillion sufferers are probable to become listed on the digital offering channels. For any more information, go to: http://paymonk.com

Source:

1. https://www.mckinsey.com/business-functions/risk/our-insights/the-lending-revolution-how-digital-credit-is-changing-banks-from-the-inside.

2. https://www.financialexpress.com/industry/fintech-the-rise-of-digital-lending/1364704/