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digital payments payment gateway Uncategorized

Top 12 UPI-IMPS difference that you should not miss

Choose the best payment mode to grow your business

Did you know that the Asia Pacific region is one of the strongest growing markets worldwide? Expert prediction of the compound annual growth rate of 35.2% justifies this fact. Interestingly, nations like India and China is pioneering market growth via online payment modes. Of the numerous payment modes available in India, it is important to know the UPI-IMPS difference.

In a fast-paced world, the payment ecosystem is constantly evolving based on the consumer’s needs and behavior. Be it e-commerce, retail or startup sector, customers prefer faster purchases and instant payment settlement. Hence, to cater to these needs, digital payment modes have grown by leaps and bounds in India. In addition to the banking cards and prepaid cards, UPI and IMPS are the sought after medium for instant payments in India.

UPI-IMPS

UPI (Unified Payments Interface), developed by NPCI is a popular instant payment settlement system regulated by RBI. On the other hand, IMPS (Immediate Payment Service) brings in interbank electronics transfer in an instant manner. Though, performing similar functions, UPI and IMPS differ in terms of transfer time, card details, security, etc.

In this blog, let us learn the basic differences between UPI and IMPS.

1. UPI-IMPS Difference 1: Ease of transaction

For making an IMPS transaction, you need to enter a lengthy and complex data ranging from Name, Bank Account, IFSC code, etc. This creates inconvenience to a user. On the other hand, the UPI transaction is a simple process of solely inserting the Virtual payment address (VPA) of the payee.

2. UPI-IMPS Difference 2: App compatibility

To make an IMPS transfer, one needs to have the particular app of the debiting account. On the other hand, UPI gives a flexible option of linking with multiple bank accounts from the same app. This reduces space issue upon downloading apps of different banks, in case of having multiple bank accounts.

3. UPI-IMPS Difference 3: Security

As compared to IMPS, UPI gives a secured medium of payment transfer. It is due to the fact that, unlike IMPS, minimal details are entered while making a transaction. But, in the case of IMPS, bank account details are entered, which is perilous on an unsecured network.

4. UPI-IMPS Difference 4: Transfer time

Though IMPS comes with the instant money transfer option, it is lengthier as compared to UPI. Money transfer happens after a new payee registration and a wait time of thirty minutes to make the money transfer to the new payee.

In comparison, UPI payment is done to a new payee without any payee registration or wait time.

5. UPI-IMPS Difference 5: Money Collector

UPI provides the unique option of requesting money collection. You can send the request money message to people who owe you money. This brings in financial credibility in the long run.

On the contrary, IMPS does not provide the option of request money. There is a sole option of money transfer to the registered payees.

6. UPI-IMPS Difference 6: Money transfer abroad

Using the IMPS method, you can transfer money abroad. But, at present, UPI does not have the option of transferring money abroad. UPI transactions are limited to within India, at present.

7. UPI-IMPS Difference 7: Need for smartphone

IMPS transactions require a smartphone along with the relevant app to make payment transfers. UPI followed a similar feature previously. But now, UPI transactions are available in USSD enabled mobiles. This flexibility allows you to access your money irrespective of a smartphone availability.

8. UPI-IMPS Difference 8: Bank account

In the case of IMPS, it is mandatory to have a bank account to send or receive money. It is a bank to bank transfer using IFSC code + Account number or MMID.

However, in the case of UPI, you can receive money even if you do not possess a bank account. You just need to install a payment app to receive money in your wallet.

9. UPI-IMPS Difference 9: Authentication details

UPI payment authentication takes the form of an MPIN number. MPIN is a 4 or 6 digit user-determined number to authorize a payment.

On the other hand, the IMPS transactions happen with an OTP (one-time-password) authentication. Once you confirm and authorize the payment, an OTP is sent to your mobile phone.

10. UPI-IMPS Difference 10: Beneficiary addition

IMPS comes with a lengthy beneficiary addition process. The details like payee name, payee bank account, IFSC code of payee bank, etc are mandatory before making the payment 30 minutes later.

On the other hand,  UPI payment solely requires the use of VPA(virtual payment address) of the payee to initiate the payment.

11. UPI-IMPS Difference 11: E-commerce transaction

Both UPI and IMPS supports e-commerce transactions. One can make B2B or B2C transactions using either UPI or IMPS.

12. UPI-IMPS Difference 12: Transaction charges

At present, both IMPS and UPI are chargeable beyond a certain limit ( generally above Rs.1000). For IMPS, there are different charges on a bank to bank basis. However, for UPI, RBI indicates the transaction charge to fall between Rs.0.50 to Rs. 1.00.

Reference:

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

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Banking digital payments fintech Uncategorized

Everything you ever wanted to know about Rupay card

Rupay continues its winning run in the economy

Have you ever made an online payment? Have you ever felt the pinch of high transaction charges? If so, you are not alone. For example, international payment gateways like Visa and MasterCard charge high transaction fees. Further, in the case of Visa and MasterCard, banks pay a certain charge on joining the foreign payment gateway network. On the other hand, Rupay Card brings about a simplified payment transaction system in India.

 Launched in the year 2012 by the National Payments Corporation of India Ltd(NPCI), Rupay has revolutionized the payment ecosystem in the country with low transaction costs, nil joining fees, etc.

Rupay Card Basics
Everything you wanted to know about Rupay

In this blog, you will get answers to all your questions on the Rupay Card.

1. What is Rupay Card?

Rupay Card is an Indian variant of the card payment scheme as compared to international players like Visa and Mastercard. Introduced by the National Payments Corporation of India (NPCI) in the year 2012, Rupay is used for primarily domestic payments.

2. Features of Rupay

  • Inbuilt insurance coverage
  • Direct link with government schemes like Pradhan Mantri Jan Dhan Yojana
  • Regular cashback and merchant service benefits like fuel discounts
  • Free access to airport lounges

3. How to apply for a Rupay Card?

To avail a Rupay card, one needs to submit one’s id proof cum address proof along with two passport size photographs. All the public, private, regional cum cooperative banks issue Rupay cards in India. A form fill up at one’s branch along with the KYC requirements is the prerequisite for a Rupay card.

4. What are the transaction costs in Rupay?

As compared to international counterparts, Rupay comes with low transaction charges. For example, for a bank transaction of Rs. 2000, if Rupay charges Rs. 2.50, international payment systems charge Rs. 3.50.

5. Difference between Rupay Cards and international cards?

  • Transaction cost: As compared to international cards, Rupay comes with low operational costs.
  • Joining fees: There is a quarterly fee to be paid for joining the international card network as compared to nil in the case of  Rupay.
  • Security: Rupay is comparatively safer due to the limitation of its operation to India
  • Bank Network: Unlike Rupay, the international card network does not include small banks like rural and cooperative banks within its network.
  • International acceptance: Rupay is only acceptable within India as compared to Visa and Mastercard which is accepted internationally.

6. What are the Security features of Rupay?

While using  Rupay for a transaction, authentication happens with the entry of an OTP sent to the registered mobile number. Further, there is 256-bit encryption rendering Rupay difficult to hack.

7. Benefits of Rupay

  • Accidental insurance coverage
  • Low cost, easily accessible by people
  • Direct link with government schemes to avail added benefits
  • Faster bank transactions
  • Increases the popularity of digital payments in the Indian economy.

8. What are the variants of Rupay Cards?

On a higher level, Rupay can be classified as Credit, Debit and Pre-paid cards.

Based on the transaction limits, Rupay Credit card can be further classified as:

(a)Rupay Classic Credit Card: With an accidental insurance coverage up to Rs. 1 lakh

(b)Rupay Platinum Credit Card: With an accidental insurance coverage up to Rs. 2 lakh

(c)Rupay Select Credit Card: With an accidental insurance coverage up to Rs. 5 lakh

On the whole, Rupay continues its winning run in the Indian economy. Interestingly, post-2016 demonetization, the demand for digital payments and Rupay is increasing on a commensurate basis.

 

 

If you have liked the article, feel free to drop in your valuable feedback in the comments below. 

For more information refer:

https://www.bankbazaar.com/saving-schemes/all-that-you-need-to-know-about-rupay-debit-card.html

https://www.npci.org.in › product-overview › rupay-product-overview

https://www.rupay.co.in

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

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SabPaisa Business Updates

 October quarter -2

SabPaisa continues to be the trusted payment gateway with Canara Bank signup, Maharishi University signup and more

Canara Bank sign-up: SabPaisa has collaborated with one of the largest public sector banks in India.

Maharishi University sign-up: SabPaisa has collaborated with one of the best universities in Noida.

Expansion of UPI payment mode in SabPaisa: UPI is an instant payment system to transfer funds between accounts instantly. 

November quarter-1

SabPaisa continues its innovative streak with the launch of IMPS, RTGS modes and more

Launch of RTGS and IMPS: Sabpaisa has successfully operationalized RTGS and IMPS modes on its platform.  
Collaboration with Bihar Health Department: Recruitment in Bihar Health Department started through the SabPaisa platform. 
Bihar Madrassa Board registration: Bihar Madrassa Board registration was successful on the SabPaisa platform.
 
 

November quarter-2

SabPaisa continues its collaborative streak with Bajaj Auto Finance, Meerut Development Authority, and Greater Noida Development Authority sign-up

Bajaj Auto-Finance Sign-up: Sabpaisa has successfully signed up with Bajaj Auto-Finance.  
Meerut Development Authority Sign-up: SabPaisa has successfully collaborated with the Meerut Development Authority. 
Greater Noida Development Authority Sign-up: Greater Noida Development Authority registration was successful on the SabPaisa platform.

March Quarter 2

Punyashlok Ahilyadevi Holkar Solapur University Signup: SabPaisa has signed up with one of the prestigious universities of Maharashtra. Punyashlok Ahilyadevi Holkar Solapur University has been established to cater to the needs of over 60,000 students community. The university is poised for ambitious growth. The University is now a hub of various academic activities.

Kavikulaguru Kalidas Sanskrit University Signup: SabPaisa has signed up with one of the finest universities in India. It is unique in nature and is entirely different from all the existing Sanskrit Universities in academic nature. Kavikulaguru Kalidas Sanskrit University has an innovative academic program and syllabus having modern subjects associated with traditional Sanskrit.

April-May

SabPaisa has signed up with Uttarakhand medical selection board, Rotary E-Club, St. John’s School, etc.

April Month

 

 

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

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SabPaisa Product Updates

OCTOBER

SabPaisa continues to be the next generation innovative payment gateway with IMPS and RTGS collection modes, IDFC Challan and more

1. New Features

IDFC Challan: We have integrated a new bank for NEFT i.e. IDFC bank. Now the user has one more option to generate an e-challan of his/her choice. E-challan option is  also available for Bank of India, Allahabad Bank, Corporation bank, etc. 

Settlement Report: The user is able to see the settlement report in SabPaisa.

Refund Transaction Report: The user is able to see their refunded amount in SabPaisa.

Chargeback transaction Report: The user is able to see their chargeback amount in SabPaisa.

RTGS and IMPS collection modes

Enabled RTGS and IMPS collection modes in SabPaisa PG. With this activation, SabPaisa Payment Gateway is now uniquely offering the following modes from a single integrated dashboard:

Credit Card, Debit Card, Net Banking, UPI, Amazon Pay Wallet, Ola Money Post Paid and Pre Paid Wallet, NEFT, RTGS, IMPS, Bank Cash Challans, eNACH, IMPS

Launch of Amazon Pay  and Ola Money wallet in SabPaisa 

SabPaisa has successfully integrated with popular wallets like Amazon Pay and Ola Money.

2. Bug fixes

Browser Version Management: Previously QwikForms application was not compatible with some versions of browsers like Safari, IE, Mozilla Firefox, Opera, etc. But now, it is working well with both the old and new versions.

SPAPP: 

  • After selecting an organization if the user entered the wrong information, a dialogue box appeared. On canceling the dialogue box, a loader appeared and the app stopped responding due to continuous loading. This issue has been fixed.
  • On signup in the app, the name field was accepting numeric values instead of alphabetical values. This issue is sorted out now as the name field is accepting only alphabetical values.
  • Earlier, the OTP entry was not visible to the user. It is visible now.
  • Previously, the app crashed on signup. It is working well now.

 

NOVEMBER – DECEMBER

SabPaisa continues its innovative streak with the launch of the new feature of “Late fee payment for its clients”

Late fee payment feature: The late fee form feature processes four requests of fixed, daily, monthly and periodic updates.

Feature 1: Late fee calculation feature as per client requirement    
     
This feature pertains to automatic late fee calculation spread across four case scenarios.    
     
Case scenario Feature Example
     
One Time Process This activity will be one time for one process For a customer, if process is for Registration, Admission etc, then charges will be added accordingly
Fixed Fixed penalty after the process last date till the late payment date per day after the expiry of the last date of fee payment. For the month of March, March 1st to March 10th is the stipulated date for registration fee payment. From March 11th, penalty of Rs. 50 per day is applied. In other words, irrespective of the late day, a fixed amount of Rs.50 is deducted. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50
Daily Update Variable penalty per day after the expiry of the last date of fee payment.  For the month of March, March 1st to March 10th is the stipulated date for fee payment. From March 11th, penalty of Rs. 50 per day is applied. In other words, Rs. 50 gets added on a cumulative basis/day. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50 * 5 (no: of late days)
Periodic Here, the penalty amount is applied on a periodic basis. The client allotes 2-3 three extended slots for fees payment with variable penalty rate. For the month of March, March 1st to March 10th is the duration for fee payment. From March 11th to 31st, penalty of Rs. 50 per day is applied. Further, April 1st to April 10th is the second slot for the payment of fees with a penalty of Rs. 75 per day. Similarly, April 15th to April 30th could be the third slot for the payment of fees with a penalty of Rs. 100 per day.  
Monthly Process This activity will be every month For a customer, if process is for School/college Fees Collection, Bill Payments every month etc
Fixed Fixed penalty per day after the expiry of the last date of fee payment. For the month of July, July 1st to July 10th is the stipulated date for fee payment. From July 11th to July 31st, penalty of Rs. 50 per day is applied. In other words, irrespective of the late day, a fixed amount of Rs.50 is deducted. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50. The same process repeats during the month of August, September, etc.
Daily Update Variable penalty per day after the expiry of the last date of fee payment.  For the month of July, July 1st to July 10th is the stipulated date for fee payment. From July 11th to July 31st, penalty of Rs. 50 per day is applied. In other words, Rs. 50 gets added on a cumulative basis/day. If a student wants to make payment of 15th of the month, he/she has to pay – Original fee amount + 50 * 5 (no: of late days). The same process repeats during the month of August, September, etc.
Periodic Update (with dates intervals) Here, the penalty amount is applied on a periodic basis. The client allotes 2-3 three extended slots for fees payment with variable penalty rate. For the month of July, July 1st to July 10th is the duration for fee payment. During the first periodic slot from July 11th to July 20th, a penalty of Rs.10 is applied. During the second periodic slot from July 21st to July 25th, a penalty of Rs.20 is applied. During the third periodic slot from July 26th to July 31st, a penalty of Rs.30 is applied. The same process repeats during the month of August, September, etc.
     
Other features of QwikForms    
     
Feature 2: Basic Payer Information page is disabled This feature is removed and now all payer information(Payer Name, Mobile number, Email, Amount) is mapped with original form at form creation time.  
Feature 3: Photo and Signature upload process on Offline Forms Similar to online forms, offline forms have also been enabled with photo and signature upload process. This makes it convenient for the verification of the offline forms.  
Feature 4: Partial Payments Features in Offline Mode  Similar to online mode, the user can do partial fee payment using offline mode as well. Hence, the user has the flexibility to pay the fees on multiple days in a hassle free manner.  
Feature 5: Multilevel Data Storage Feature during submission of Forms  Now user can use the saved information and continue to fill the form in a particular time frame. The link for the same will be sent to the registered email ids along with reference number  

 

 

 

 

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

 

 

 

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Uncategorized

Best marketing tactics for your Facebook page

Marketing techniques to scale up your page visibility

Do you believe in your business growth through a Facebook page? No, you are wrong! On the other hand, marketing your Facebook page is the best way to grow your business.

Top Facebook pages rely on time-tested techniques to reach their targeted audience. Did you flounder the expected number of likes and shares? Did the message delivery take the right course? In other words, what made your competitor’s content stand out?

FaceBook Marketing Strategies
Facebook Marketing Strategies

Brands on Facebook are churning out innovative techniques to sell their products. Feeling abandoned? Don’t worry, these simple techniques will take you to the top league.

1. Capitalize facebook group for marketing

Have you stumbled upon a Facebook group? The Facebook group brings you more close to your audience. In other words, one on one interaction is the highlight of a Facebook group. Herein, you can share and discuss ideas in a focussed manner with your niche audience. Also, you are perceived as genuine and trustworthy. On the whole, business engagement sees a sharp hike.

2. Audience targeting and Paid ads

Facebook gives the option of paid ads for your niche audience. They help you to reach a greater and wider audience. Interestingly, there is an option to target the audience based on the gender or the region. The ads have a customizable schedule time. For example, the runtime could range from one day to several months. Also, there is an option for automated ads for better post visibility and outreach.

Hence, if you are a startup, use ads as the anchor to row your businesses. Trust me, the seashore becomes visible at an arm’s distance.

3. Unique content for marketing

If you want to be different, think differently. Being unique and different makes you stand out in the business domain. Experiment with diverse posts on your page. Put on your thinking caps, get wacky, use gifs, use 2 min teaser videos, try out memes, etc. For example, an engaging story on why the audience should try out Lenovo Laptop is more significant than presenting a generic product update.

4. Engagement with peer business groups

Do you engage with other peer groups n facebook? Do you leave messages on the peer groups in your technology domain? It’s the best way to share and gain knowledge. The two-way communication is instrumental in building your networks and increasing popularity. It will naturally translate into more likes cum comments.

5. Timeline for sharing content

Your facebook page has around 5 posts per day, but poor responses turning you off? Getting your timing right is the crux of the issue. There are specific times of the day when your audience is active and receptive to your posts. Plan your posts based on audience availability. For example, the audience is more likely to comment and share your posts during break hours. 

6. Consistency is the Key

How consistent are you with the postings? Your long term success is largely dependent on this factor. Your destination might be far away, but your effort should continue unabated. Make sure that you use the Insights tab on your page to analyze your post performance. It gives a complete picture of the number of people who have liked, shared and commented on your posts. Plan your future strategy, based on these insights.

7. Use humor

Humour adds spice to your serious marketing content on FaceBook. Ensure that you have the right amount of humor peppered in your marketing content. In this way, you can strike the right chord with your potential customers on a lighter note. Humour is the easiest way to make your customers buy your product.

 

For more blogs, visit https://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Business climate change startup Uncategorized

How businesses can combat climate change?

Small steps can make a large difference

What is the first thing that comes to your mind when you think about climate change? Amazon burning, India flooding, Antarctic melting, climate change brings in front of our eyes vivid pictures of the destruction.

Climate change refers to the natural or human-induced changes in the earth’s weather patterns. It is a result of factors like incessant use of fossil fuels, deforestation, the release of greenhouse gases, etc. Further, natural causes like varied solar radiation, variation in the earth’s orbit and rotational axis also contribute to climate change.

Climate change and Business
Simple steps by businesses to combat climate change

It is better to act before it is too late. We, as a business group can take significant steps to effectively combat climate change. In the course of this blog, I shall walk you through some simple steps through which businesses can combat climate change.

1. Use of cloud to combat climate change

Businesses can cut down on unnecessary hardware setup by working on the cloud. It is centralized, safe and secure. Further, it brings in the convenient transfer of information amongst the employees. Overall, it will reduce the number of trees being cut down, thereby reducing deforestation.

2. Transportation for employees

Reports suggest that air pollution due to personal vehicle use is set to increase by over 60% in the coming decades. Large businesses can ensure that the employees are provided a transportation medium like office bus or van. This would cut down immensely on carbon dioxide emissions.

3. Efficient lighting to combat climate change

Simple steps in your office like replacing all light bulbs with CFL lights would work wonders. Incandescent bulbs generate a large amount of heat resulting in the cooling system to work harder, thereby generating greenhouse gases. On an average, CFLs consume 70% less power as compared to incandescent bulbs. Also, this would avoid the harmful effect of disposing mercury present in the incandescent bulb. 

4. Waste segregation at source

Businesses can create a culture of proper waste segregation at source. Segregation of waste into wet, dry and chemical categories brings in a focused approach to waste management. This encourages a culture of recycling and reuse as well.

5. Use of renewable sources of energy to combat climate change

It is encouraging to see that businesses have adopted renewable sources of energy like solar, wind energy, etc to power their business. For example, Intel has over18 on-site solar plants with an installed solar capacity of approximately 7,000 kW.

6. Investment in green initiatives to combat climate change

Some businesses adopt passive measures by investing in green initiatives. It takes the form of investments in initiatives like recycling, biofuel production, tree plantation drive, etc.

7. Encourage recycling

Businesses could introduce centralized recycling bins to encourage employees to discard recyclable items light bulbs, batteries, aluminum cans & bottles and magazines are some items which could be easily recycled.

8. Measures at an individual level to combat climate change

Small measures by employees like switching off the light, turning off the tap, using paper cups instead of plastic cups and digitization of documents produce significant effects on the health of the earth in the long run.

9. Regular awareness campaigns

Monthly awareness and sensitization campaigns work wonders in the long run. It brings in a sense of business responsibility cum accountability to combat climate change.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

 

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Entrepreneur inspiration motivation startup Uncategorized

What makes a great leader?

Leaders make their actions do all the talking

Year 18th July 1980 was a landmark day for India. Dr. Abdul Kalam was the leader of the ISRO team which successfully launched Rohini satellite into the orbit. The missile man conducted the press conference along with his team. But, his success was not easy, nor was it isolated.

Year 10th August 1979 was another landmark day for India. This day, we failed to launch Rohini satellite into the orbit in the first attempt. This time, the press conference was led by Dr. Satish Dhawan, the ISRO chairman.

You might be wondering what he would have delivered in a callous situation? He just uttered these words: “We failed! But I have a very good trust in my team that next time we will be succeeding for sure”.

A true leader leads from the front in the face of crisis and takes the blame upfront. Similarly, in the face of success, a true leader lets the team lead from the front.

Now the question arises, do you think, you need power and position to be a leader? No, not at all. All of us have the leader in us, either consciously or unconsciously.

Leader without a title.
Explore the leader in you.

In this blog, I will elaborate on the top qualities of any leader. If you have this quality in you, take it to the next level. If you don’t, you could consider adopting some of them.

1. Vision

Leader with vision
Visionary leader

A leader is a daydreamer. Confused? A leader has a vision and he daydreams about it relentlessly. Further, the aura that he creates amongst his subordinates attracts them to his vision. Like a magnet that strongly pulls the iron towards itself, the vision of the leader attracts his followers towards himself. Hence, if you want to be a great leader, be visionary par excellence. For example, Barack Obama’s vision for America struck the right chord with the audience. The result, we all know the stunning consecutive tenures as the President.

2. Innovative

Innovative leader
Innovation as the hallmark of a leader

Rome was not built in a day. It is a result of hard work, patience, perseverance, and innovation. Innovation makes you stand apart from the crowd. Innovation gives vent to your creativity and takes you on a higher plane as the leader. For example, the life of Ratan Tata is an apt example of innovative leadership. Post-retirement, Ratan Tata has been actively involved in funding innovative startups. This is the mark of a great leader, he never lets innovative ideas go unnoticed or unsupported.

3. Positive

Positive leader
Positivity as the hallmark of a leader

He fought, he raised his voice against discrimination. But, in vain. Further, he was jailed for twenty-seven years. Nevertheless, his determination and courage stood unshaken. He remained positive throughout and dreamt of seeing his country free of apartheid. The positive and visionary leader was Nelson Mandela who has become an inspiration for generations to come.

Positivity is the hallmark of a true leader. A positive person never loses hope even in the jaws of death. He finds a solution to any crisis by hook or by crook.

4. Humility as a leader

Humble leader
Humility as the hallmark of a leader

It is one golden quality that keeps you grounded no matter how high you fly. Hence, humility is of pivotal importance for leaders. A long-lasting and strong relation gets formed with your subordinates upon exhibiting the quality of humbleness. Moreover, humility is the easiest way to build trust and forge relationships. For example, Gandhiji espoused a humble demeanor that made him stand out gentle amongst giants of his era.

5. Emotional Intelligence as a leader

Leader with emotional intelligence
Leader with emotional intelligence

Emotional intelligence is the ability to understand your emotions as well as that of others and the ability to handle the same. A leader has to deal with a diverse group of people with different characteristics and emotional levels. At this juncture, emotional intelligence helps him think from the shoes of his subordinates. This results in better resolution of conflicts. Hence, it is rightly said that ‘Attitude decides your altitude in life’.

6. Empathetic

Empathy and leadership
Leader and his quality of empathy

“Empathy is seeing with the eyes of another, listening with the ears of another and feeling with the heart of another.” – Alfred Adler

Empathy is one quality that sets apart good leaders from a great one. The perspective of a leader changes with empathy. He is able to better judge his teams’ requirements and make a healthy judgment. An empathetic leader stands by the poor and the destitute. Bill and Melinda Gates Foundation by billionaire Bill Gates supports education, health cum sanitation in poor and destitute countries.

7. Integrity

Leader with integrity
Leader with integrity

If you are a leader with integrity, you are hard to be replaced. Leaders with integrity espouse truth, no matter how hard it may seem. They never mince their words and lead with dignity. When a leader is integral, the subordinates have unconditional faith in him. In other words, they are rest assured that the decisions are taken in a good spirit.

8. Leader without a title

Leader without a title
Leader without a title

The world knows a handful of leaders. On the other hand, there are innumerable people who are doing selfless service behind the curtain. Jadav Payeng of Assam single-handedly planted an entire forest. Bal Pandian of Tamil Nadu took commendable steps to conserve avian species around Koonthakulam Bird Sanctuary.

They are the true leaders, who lead without a title. They could always remain invisible to the world, but their efforts are no less than the well-renowned leaders.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
Digital marketing marketing payment gateway Uncategorized

SEVEN BEST TOOLS FOR DIGITAL MARKETING

Tools to unleash the creativity in you

The gleaming sunshine, the twinkling stars, and the misty raindrops have intrigued human beings from time immemorial. How about taking the experience to the next level? How about immortalizing them in your creations? If you are into digital marketing, nature is the best place to look for inspiration. Further, how do you apply the inspirational idea to boost your business? Here comes the importance of marketing tools. The amazing tools available in the market gives wings to your ideas and makes it come alive.

Digital marketing tools
Seven digital marketing tools to boost your business

In the course of this blog, I will take you through a journey of the most sought after digital marketing tools.

1. CANVA FOR DIGITAL MARKETING

Canva is an evergreen companion of any digital marketer. It comes with an amazing collection of templates catering to different social media platforms. Be it Instagram, Facebook or Twitter, Canva provides the option to create customized posts with the appropriate dimensions. One can choose from a wide range of options such as business cards, flyers, posters, animated video, etc.

Canva for Digital Marketing
Digital marketing with Canva tool

Are you a company which recognizes employees’ efforts via certificates, Canva is your place to be. There is an ample range of certificate template to choose from. Or, if you are unemployed and looking for a job, choose from a range of resume templates.

2.  INVIDEO

How about automatic conversion of your blogs to videos? Invideo performs this functionality to perfection. In addition, there is an option to build a video from bare scratch. This brings in the flexibility of using the tools to give vent to our innovative spirit. Also, choose from a multitude of templates to suit the business environment and the niche clientele.

Invideo for Digital marketing

3. SNOVIO FOR DIGITAL MARKETING

Snovio is one of the sought after digital marketing tool for inbound email marketing. Being a very flexible platform, Snovio gives the option to create different email campaigns based on the customer base and business platform. Interestingly, there is a cap of 200 emails per day for smooth handling of email marketing.

Snovio for Digital Marketing
Snovio for Digital Marketing

4.  SOCIAMONIALS FOR SOCIAL MEDIA POSTING

Are you tired of posting five social media posts each day? Wished for an automated technique to achieve your goal? Here comes the role of the wonder tool Sociamonials. The scheduling of posts can be done on multiple social media platforms in a single go. You don’t have to worry about postings for months together. Moreover, one can analyze the performance of one’s posts via Sociamonials analytics tab. The graphical analytics result gives a three-sixty degrees view of your company’s posts performance.

Sociamonials for digital marketing

5.  DAREBOOST FOR DIGITAL MARKETING

How is the health of your website? Is your security at risk? Are you complying with the necessary SEO standards? The answer to these questions lies in the Dare boost tool. Dareboost analyses your website on 10 major parameters ranging from Quality, Data amount, SEO, Compliance, Accessibility, etc. For a healthy website, a Dareboost analysis once in 15 days is a must. With one email ID, you can have 5 free searches per month.

Dareboost for digital marketing

6.      FIVERR

Ever faced the issue of tracking down your potential clients? It is taxing to get together the precise contact details. At this juncture, Fiverr comes to your rescue. You will encounter diverse service providers of client information. The rate of services starts at a nominal rate of 5 dollars. If you are a startup, aspiring to expand your client base, Fiverr is the ideal tool for you.

7.  WEBTEXTTOOL FOR DIGITAL MARKETING

Blogging is an exemplary way to expand your base in the market domain. Further, blogging is the simplest way to promote your products and build a brand image. Nevertheless, putting across the right message in the right format plays a crucial role. The appropriate language, formatting, grammar, and word usage is pivotal for the success of any blog. Webtextool tool provides a minute and detailed analysis of your blog. The interesting fact about webtexttool is that it is used to draft interview content. Herein, the gender biasedness in the blog is suitably filtered out.

Webtexttool for digital marketing

 

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

Categories
B2B blog Digital marketing Entrepreneur startup Uncategorized

Nine steps to develop a B2B blog

Blogging your way to boost business growth

What was your feeling when you wrote your first ever blog? What was the most challenging part of writing a blog? Was it research or the articulation of ideas? It depends on the type of blog you intend to pen down.

Blogs topics involve travel, food, hobbies, technology, etc. At present, businesses are capitalizing on blogs to reach their niche audience. Interestingly, B2B companies are turning to blogs to enhance their market reach.

What are the ingredients of a successful business blog? Topic, idea structuring, formatting and SEO guidelines play a crucial role in boosting the popularity of business content.

Blog for business
Craft a successful blog for your B2B business.

In the course of this blog, learn to craft a blog to suit your business and audience.

1. Blog topic selection

This is the first step in the creation of a business blog. The topic selection happens by keeping in mind the domain and the niche audience. In doing so, keep a track of trending blogs in your domain. By taking a cue from the topic, one can come out with topic ideas.

For example, a topic on ‘Ten must-read books for any entrepreneur’, multiple ideas are derived like:

  • List-based: Twelve must-read books for any entrepreneur
  • Keyword ‘entrepreneur’ based: Ten must-read books for any non-entrepreneur’

2. Topic research

Topic research is the second crucial step in blogging. In other words, topic research involves finding the right content for your blog. One needs to keep in mind the dimensions of the content. The more the dimensions, the more innovative and interesting the blog becomes. For example, a blog on starting a business covers dimensions of finance, administrative approvals, business laws, etc.

Hence, the more informative and innovative the content is, the more will be the backlinks and referring domains for your business. Further, more backlinks result in a gradual increase in your potential client base.

3. Introduction

The first impression matters a lot. Hence, blog introduction is the best way to make a first impression. While penning down the first paragraph, the gist of your content should be clearly visible. The basic idea must be expressed in a simple yet lucid manner. Also, make sure that the focus keyword of your blog is prominently seen, to comply with the SEO standards.

4. Content organization

Content organization is the most challenging part of writing a blog. The technique to arrange the content of the blog involves brainstorming ideas into numerous headings and subheadings. The transition to the ideas needs to be smooth with appropriate use of transition words. Also, indented paragraphs provide more clarity to the ideas being expressed. Further, the use of lists for summarising the blogs makes it more readable.

5. Innovative ideas

Innovation is a must for your blog to stand out. How to bring innovation into your content? A thoughtful quote at the beginning or end of the blog adds more value. Secondly, incorporate graphic pictures to make your message loud and clear. Thirdly, try out funny GIFs and Memes to make mundane business topics interesting.

On the whole, make sure to think out of the box to make your content appealing to your audience.

6. Language check

A blog with unpleasant grammar is a turnoff for any business deal. In other words, grammar forms the basic benchmark for any content. Make sure that you use a tool to keep your grammar in check. Some of the common tools/editors for grammar check are Grammarly, text metrics, WordPress, etc.

7. SEO formatting

Search Engine Optimization refers to the optimization of your blog according to google search rankings. It keeps in check the right use of images, alt texts, captions, heading visibility, etc. Also, ensure that the focus keyword use happens an adequate number of times. This enhances the search process involving the keyword. As a result, the probability of your content being searched online goes high.

8. Blog publishing

Once you have finished your blog optimization, it is time to publish it. Based on the size of the business and budgetary requirements, there are a number of publishing platforms. The best-known publishing platforms are WordPress.org, Blogger, Tumblr, Gator, etc.

9. Blog promotion

It involves the use of different media platforms to promote your blog. Some of the well-known media platforms are Facebook, Twitter, LinkedIn, Instagram, etc. Also, ensure that you add the relevant hashtags and tags to enhance your post visibility and outreach.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in

 

Categories
Banking digital payments Financial intermediary payment gateway Uncategorized

Banking in India explained

Service your needs through the banking institutions

Confused with the choice of a banking institution for your business? Right kind of funding is important for the health of any business. In other words, funding at the appropriate time gives more freedom for creativity and innovation. A well-funded business has more leverage for expansion and growth.

In India, we have a number of banks catering to different customers. Also, we have a mix of public and private sector banks servicing a variety of needs.

Banking institutions
Banking institutions in India to service your needs

In the course of this blog, I will walk you through the different types of banking institutions in India.

BROAD CLASSIFICATION OF BANKS

1. SCHEDULED BANKS

Scheduled banks are included in the second schedule of RBI Act,1934. By being a scheduled bank, one acquires membership of the clearinghouse. Also, the banks can get loans from RBI at the bank rate. Any bank with a capital of more than 5 lakh qualifies as a scheduled bank. Further, scheduled banks keep a cash reserve ratio with the RBI.

2. NON-SCHEDULED BANKS

Non-scheduled banks are not part of the second schedule of RBI Act,1934. The capital requirement of a non-scheduled bank is less than 5 lakhs. Non-scheduled banks are not members of the clearinghouse. Also, they do not have access to loans from RBI at the bank rate. Unlike scheduled banks, non-scheduled banks do not keep a cash reserve ratio with the RBI.

Non-scheduled banks are also called as local area banks in India. Coastal Local Area Bank Ltd, Capital Local Area Bank Ltd, Krishna Bhima Samruddhi Local Area Bank Ltd, Subhadra Local Area Bank Ltd are some of the examples.

TYPES OF SCHEDULED BANKS

1. COMMERCIAL BANKS

A commercial bank provides banking services with a profit motive. They ensure adequate credit creation and stability in a nation’s economy.

  • PUBLIC SECTOR BANKS: Public sector banks have the government as the major shareholder(more than 50%). Over 75% of the banking sector business comes under the purview of the Public sector banks. There are 12 major PSBs in India such as SBI, Bank of India, Bank of Baroda, Central Bank of India, etc. On the whole, there are 27 PSBs in India.
  • PRIVATE SECTOR BANKS: In private sector banks, non-government entities form the major shareholders. There are 22 private sector banks in India. Private sector banks provide a slightly less interest rate as compared to PSBs. Similarly, Private sector banks constitute over 15% market share in the country. Some major private sector banks in India are ICICI, HDFC, Axis, IDFC, etc.
  • FOREIGN BANKS: Foreign banks cater to the jurisdictional laws of both the parent and destination country. 1% of branch network in India constitutes foreign banks. Also, foreign banks have a Priority Sector Lending of 40% and a minimum capital requirement of 5 billion.
  • REGIONAL RURAL BANKS: Regional Rural Banks caters to the funding needs of the rural communities in India. It draws its operating and functional powers from the Regional Rural Banks Act, 1976. In addition, RRBs also cater to payments in government schemes like MGNNEGA and government pension programs. RRB has a joint shareholding of Central government(50%), State government(15%) and Sponsor Bank(35%).
  • PAYMENT BANKS: It is a new category of banks with limited functionality of a bank. For example, payments banks do not issue loans. The deposit limit is 1 lakh per customer maximum. Further, payments banks have a minimum capital of 100 crores.
  • SMALL FINANCE BANKS: Small finance banks service the needs of the small and marginal entities like small farmers, traders, businesses, etc. Small finance bank has 100 crores paid-up capital and a priority sector lending of 75%. Further, they do not lend to big corporates or groups.

2. COOPERATIVE BANKS

Cooperative banks function on the basis of cooperative principles. The ownership of cooperative banks lies with the customers. In India, cooperative bank categorization takes place on the basis of Short term and Long term lending options. Short term lending takes the form of Primary Agricultural Cooperative Societies (PACCS) at the village level, District Central Cooperative Banks at the District level and State Cooperative Bank at the State level. The long term lending is a two-tier structure with Primary Agriculture and Rural Development Banks (PARDBs) at the village level and State Agriculture and Rural Development Banks.

  • URBAN COOPERATIVE BANKS: Urban cooperative banks finances the needs of urban areas, registered under the cooperative societies act. They largely cater to small businesses in urban areas like small traders, low and middle-income groups, etc. UCB regulation happens via both the State Government and the Central bank. State government laws cater to the UCB’s administration while the central bank laws apply in case of regulation.
  • RURAL COOPERATIVE BANKS: Rural cooperative banks finances the needs of rural areas. It caters to agriculture, livestock, rural employment sector, etc.

For more blogs, visit http://blog.sabpaisa.in

YOU ARE READING THE ARTICLE COURTESY: SabPaisa (SRS Live Technologies) – headquartered in New Delhi with eight regional offices including Mumbai, Bangalore & Kolkata – is a rapidly growing fintech company having developed one of India’s most advanced AI-driven recurring payments platform bolstered by another of SabPaisa’s unique products: world’s first hybrid payment platform which has all the payment modes in a single checkout page, online and offline, from UPI to Cards to e-NEFT to e-Cash. Businesses that take SabPaisa’s payment gateway get real-time reconciliation and consolidated reports for all payments, recurring or one-time, online or offline, in a single dashboard, whether the payer is an 18-year-old in Kashmir paying through UPI or a 70 year paying through Cash in Kanyakumari. SabPaisa’s payments and collection application suite have already processed more than INR 12 Billion to date. Learn more about SabPaisa here:https://sabpaisa.in