Digital payment system or online payment system, refers to a method of financial transaction that enables individuals, businesses, and organizations to make payments electronically, typically using digital devices and the Internet. It allows for the exchange of money or transfer of funds between parties without the need for physical cash or checks.
Fintech with its unique feature for common people and corporate level, an emerging and progressive payment solution provider, would like to explore the possibility of bringing in secure payments services to its customer using web and smart card application and taking the customer services directly to the user cards. The strong authentication and NFC (RFID, QR Code etc) element would be a market differentiator over exitising offerings and also enable a wider suite of services on the customer Fintech Card, enabling the service portfolio for wallets / payments / Money transfer and the retailer POS on any compatible device with any network or without network and on any network bearer.