Customers don’t want to think about banking. They just want it to work. Traditionally speaking, in India we’ve always been dependent on banks for any financial needs since 1750 BC. This is true for both individuals AND businesses. But this is 2021. Our needs as customers have evolved since 1750 Read more…
It’s often been said that we live in extraordinary times. Not only is it true of the pandemic we’re experiencing but also of the fintech revolution that is quietly taking place amongst us. As a founding member of one of the globe’s fastest-growing neobanks, I have had the good fortune Read more…
New Year itself has a very celebratory ring to it. Most people ring in the new year with ‘New year, New me’ pledges. But not everyone shares the same enthusiasm. While most of us go all out to celebrate the new year, businesses all over sweat it out so that the Read more…
2020 is almost around the corner and we can’t keep calm! But first, let’s take a quick look down memory lane at the fantastic year that 2019 was – so much has happened over the past 365 days that we just hope you make it through to the end of Read more…
Before the GST era, sales tax compliance was relatively easy to understand and comply with, states the World Bank[1]. Since the introduction of GST, there have been multiple policy updates. It resulted in technical as well as compliance issues for many Indian businesses. On the other hand, the rise in Read more…
Get ready to say goodbye to regular accounts – virtual accounts are here to stay! A Virtual Account, as the name suggests, is a non-physical bank account that you can create for your customers. These ‘new kids on the block’ have been the talk of the town and for all Read more…
Managing employee expenses is a major task for businesses of all sizes, across different industries. What are employee expenses? Well, the term is pretty much self-explanatory: they are business expenses made by employees for different tasks that come up as part of their professional duties. Typical examples would include petrol Read more…
Being a startup founder is not an easy feat. Especially when it comes to the never-ending battle of managing expenses. If you have been paying your company’s expenses from your personal credit card, then you’d know what I am talking about. All you wish is to have something like a startup Read more…
Payroll Management Solutions can solve the growing challenge of timely salary payments for employees in small businesses in India. The reasons for this statement are, firstly, the exponential growth of the Indian Economy(6.8% growth is the growth target for 2023-24, according to IMF). Secondly, India is also getting better at Read more…
Patently, the HR and Finance department looks after salary payments in any company. But if you run a business, more often you’re pulled into looking over the business finances yourself. Most banks with several tedious processes in place, make salary payments quite a complicated task. For instance, a company is Read more…
Webinar : e-Invoicing Under GST from OpenMoney The GST Council, in its 37th meeting on September 20, 2019, recommended the introduction of e-Invoicing in GST for businesses. With the latest development starting from October 01, 2022, the progress has been steady. It stated that e-Invoicing is mandatory for businesses with Read more…
The global market size for expense management for startups and SMEs alone is expected to reach $6.6 Billion by 2028. A number that shouldn’t come as a shock as today’s business trips & meetings are where the real deals ensue. But are business trips and meetings merely about dining at Read more…
If you have recently started a business of your own, chances are that you are frequently being told that you need to get a current account, which begs the question: how can a current account help your business? To understand that, it is important, first of all, to understand what Read more…
Daily, people’s lives are becoming increasingly automated as millions of algorithms make decisions and take actions on consumers’ behalf. The shift toward autonomous finance services starts with automated investment management, savings, and payments. Algorithm-based services lower the cognitive burden on users and strive to enhance financial results. The customer experience Read more…