28.1 C

Fintechs are now making debit and credit cards redundant in India

Though debit and credit cards were the first innovations to apprise us of digital payment, fintechs became the game changer and disrupted the banking industry. The impact has been to the extent that we only use our bank accounts to receive our salary and then spend through these fintech that enable us to make and receive payment in real time. Let us have a look at some of the fintechs that have made the credit and debit cards redundant as we changed the way of making payments.

Fintechs are now making debit and credit cards redundant in India


It is a name that probably introduced Indian consumers to fast and secure UPI payments, so much so that it became synonymous with cashless transactions. As the epitome of online payments, it enables transactions that are instant and is the most popular mode of payment that is acceptable with every vendor. You will find a grocery vendor, a shop owner, an auto driver and even you favourite restaurant that can accept payment through Paytm. You will not need to carry your credit or debit card anymore as the mobile can be used to make payments anywhere, everywhere.

- Advertisement -TechnoSports Ad


One of the most distinctive features of this payment service provider is the ability to set up recurring payments that can be automatically deducted weekly, bimonthly, monthly, quarterly, or even yearly. When compared to more conventional modes of payment, the payment executed the same day is a guaranteed B2B recurring auto-debit option and has a significantly greater success rate. Additionally, it makes timely payment possible, which prevents the imposition of late fees.

It guarantees prompt payments without the need for human intervention by providing a number of payment options like ACH, UPI, and other digital formats like WhatsApp, link push, and directly through the site making the need for a card redundant. It has direct interface with at least six banks. Hence, you can forget your cards for all sorts of recurring payments with Paycorp.


It allows for the payment of bills, streamlines transactions, and offers fast loans to users all in one location. It is a safe and secure gateway for e-commerce and enables payment through Airtel Money, Ola Money, Mobikwik, net banking, UPI and also credit or debit card if need be. It allows transactions between customers and business owners as well as between staff and vendors. As it is frequently the initial step in starting an e-business, it establishes the strong and secure basis for a prosperous online endeavour.


This recent fintech start-up, which operates on a subscription-based business model, makes money by charging annual fees to banks, neo banks, digital lenders, and various financial or non-banking finance organisations. The credit business is managed and scaled by it thanks to NLP, Deep Learning, and Predictive Analytics. It is popular in India as a mode to getting instant loans and alsohas presence in regions like North America, the Middle East, and Africa.


Mswipe provides small and medium-sized businesses with quick and simple access to loans. It is the renowned name for stress-free financing, helping even the smallest of vendors, whether they are retail store owners, vegetable sellers, or paper manufacturers. It offers streamlined mobile POS solutions to business owners around the nation because the digital environment makes it genuinely achievable. Again, there is no need for credit or debit cards here.

Zest Money

Materialistic and expensive things may have been frowned upon at some point of time but today youngsters prefer to live life lavishly and splurge on their needs and desires. But most of us have a limited salary. Zest Money helps to pay back in 3-4 easy instalments, that too with zero interest, no processing fee and no hidden charge. The quick approvals make sure that you don’t have to think for a long time before buying. Having more than 85000 online and offline store partners, you can shop to your heart’s content. Thus, it has emerged as a popular alternative to credit cards.

Do check out: Best Indian Stocks to Buy in May 2023

- Advertisement -Follow-Google-News


Microsoft Mega leak addressed by Xbox CEO

In the middle of several significant unanticipated Xbox revelations,...

EA FC24 is playable from 22nd September on PC, pre-load is now available; Check out the size of the game

EA Sports, the well-known developer of the popular football-based...

Samsung Galaxy Tab S9 FE and Tab A9 Details Revealed on Google Play Console

For many years, Samsung has held dominance in the...

Redmi Note 13 and Note 13 Pro+ launched in China: Specifications and features

Today in China, Xiaomi hosted a press conference where...

Don't miss

The Sleep Company [CPS] IN


Rahul Roy
Rahul Roy
I am a computer guy by profession and a sports fanatic by choice.

EA FC24 is playable from 22nd September on PC, pre-load is now available; Check out the size of the game

EA Sports, the well-known developer of the popular football-based video game FIFA, had previously secured the trademark for "EA Sports FC". It was then...

Bluei unveils the 10000mAh wireless charger with 30W power delivery and 20W magnetic wireless charging feature

Bluei has added a new product to its accessory portfolio with the launch of RUBICON Wireless Charging power bank in India. With an impressive 10000mAh battery...

2023 Asia Cup Points Table: Who’s Leading the Race to the Finals?

As cricket captivate­s Asia and fans worldwide, the Asia Cup holds its atte­ntion. Everyone eage­rly awaits the finals and follows each match to see­...


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.