Entering Into A New Dawn With Digital Currency

A digital currency would bear the same legitimacy as a currency note issued by a bank. By Manan Dixit, Founder,

Entering Into A New Dawn With Digital Currency

A digital currency would bear the same legitimacy as a currency note issued by a bank. By Manan Dixit, Founder, Fidypay A non-

Let’s decode how this tie-up will benefit the Indian economy.

The tie-up will benefit the Indian economy on three major grounds:

1. Helping India becoming more integral to globalised economy

2. Supporting the fintech ecosystem

3. Better foreign remittance, and many more.

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API Banking

API (Application Programming Interface) Banking refers to a set of tools, protocols, and routines that connects banks and other financial institutions with a third-party API Banking platform such as FidyPay.

BBPS is an integrated online platform developed by NPCI for different kinds of bill payments. It is an interoperable service that enables payment collection for over 200 billers across 22 varied categories.

eNACH or Electronic National Automated Clearing House is a new payment collection service in India that allows bank account holders to automate payment collections from customers.

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