When was the last time you checked your wallet for cash? Or tried to hunt down that one elusive coin in your cavernous handbag? We have quickly rewired our brains to reach for our phones before wallets when we need to make a payment. From the auto with a plastered QR Code in the back seat to the delicate fancy print of a QR Code in a fine dining restaurant. We find these little pixelated squares in every nook and cranny. So, ever wonder how we got here? Let us track back. Nope. Not an ATM stop. Way back! In fact, 75 years back.

For few of us, money began from the steel boxes in the kitchen with spices hiding a secret stash of coins & cash. Then, we entered the land of the ‘unspeakables.’ The disapproving glare that made us fumble to fill up a form with bamboozling names, numbers, and denominations on them. God! Was it a relief to hold a plastic card and remember four digits to withdraw cash at an ATM? Worth the long wait. Hold on! That is not the end of it. Things just got easier. No more cards. All we need is a phone and readily available FinTech products & services that offers freedom from cash, freedom from banking paperwork, and freedom from long queues in front of an ATM, the freedom hard earned with more than 75 years of technological development.

Scan. Click. Pay. The seamless flow of money is simple. The digital payment is user-friendly to every demographic irrespective of their age, educational background, or technical expertise. The unprecedented shift towards advancing FinTech is the certain way forward. According to the 2022 Q2 Report of Inc42., there is 61% Internet penetration in India, the financial world has been quick to adopt digital payments that has streamlined most the previously underbanked business sectors in the market. As of May 2022, the total value of UPI transaction is estimated to be $2 Trillion. The anticipated increase in percentage of internet users from 2022 to 2030 is 44%. The numbers alone stand testament to the great transition of the world of finance from traditional banking to innovative & intuitive FinTech.

The extensive repertoire of Pay10 includes all types of cashless payments, such as utility bills, taxes, retail, money transfer and education fees, across the P2P and P2B segments. Since its inception, Pay10 has extended its reach to businesses across sectors and areas, such as e-commerce, education, travel, utility, government, and NGOs. The company aims to reach out to millions of customers in cities across India.

What are the security features offered by Pay10?

Every digital payment secured with cutting-edge technology

• PCI DSS certified (Payment Card Industry Data Security Standard)
• Server hosted with AWS, one of the most reliable cloud providers offering unparalleled data security
• Server uses Comodo’s 256-bit SSL (Standard Sockets Layer) technology for data encryption
• Strict in-house security guidelines that ensure confidentiality of your customers’ information.