Nasik Ubaid’s Post

In today's digital age and with the rise of digital payments, why is it still mandatory to have a debit card to generate a UPI PIN, even when using the bank's own UPI app? Why can't the UPI PIN be generated using other forms of authentication? The RBI needs to take further steps to simplify UPI payments. There are many people who don't use a debit card for all their accounts. Please share your views and if you have faced similar issue too. #UPI #DigitalPayment #UPIPayment #KYC #DigitalPay #DigitalIndia

Alert Microfinance Bank (MFB) revolutionizes banking with its new mobile app, empowering users with seamless financial management from their smartphones. The user-friendly app offers a comprehensive suite of features: from money transfers and bill payments to airtime top-ups, all accessible with just a few taps. It's designed to simplify banking tasks and provide real-time visibility into account activities, ensuring users stay informed and in control. What sets the Alert Mobile App apart is its innovative account opening process. Users can open new accounts or upgrade to Tier 3 accounts swiftly using their National Identification Number (NIN) and Bank Verification Number (BVN), eliminating the need for lengthy branch visits and paperwork. Security remains paramount with advanced features like Face ID recognition and fingerprint options. Coupled with 24/7 live chat support and direct access to the experience center, customers can bank with confidence, knowing their finances are protected and assistance is readily available. #AlertMFB #MobileBanking #Fintech #DigitalTransformation #CustomerExperience #BankingApp To read more: https://zurl.co/W8db

Do good products need a tutorial? Have we ever wondered why we found it so easy to use WhatsApp, Facebook, Careem but so incredibly difficult to use banking apps? I spent almost 2.5 years in B2B. Initially we too were confused between our systems, business lingo, compliances and our features to really understand what our user wanted from us. It took us time to figure out how to bridge that gap and even more time to start monetizing it while providing more value to the user. So why can't we apply the same shift to Fintech? At the moment, I believe that it's because there is a disconnect between internal systems and jargon VS what the user wants to do through a banking app. We need to find the sweet spot between complex systems and user needs. We need to design apps that are for people who just want to do get the job done without having to understand the internal system of the bank. #fintech #productdesign #UAE

Send Payments in India with #WhatsApp: In a move that merges social connectivity with financial convenience, #WhatsApp has introduced a revolutionary feature allowing users in India […] The post Send Payments in India with WhatsApp appeared first on AutoChat.

"Now with Emirates NBD you can transfer up to 3M EGP instantly with just a phone number! 📲 Our latest app update makes large-scale mobile banking faster and more secure than ever. Download now to experience the future of money movement. 💰✨" #Emiratesnbd #Digitalbanking

Wherever you are, that's where the bank is........ Download the Muktinath SMART app to bank anywhere, anytime. ⁠ #MuktinathBikasBank #visadebitcard #ecommcard #BankSafe #visacard #bestbank #bestsavings #safebanking #ecommerce #atmservice #noextracharges #morewithdrawals #digitalbanking #muktinathsmart

About 2 months ago, when the RBI had barred a payments bank from undertaking any banking activities, we had an interesting problem to solve: Ensure users with this barred bank as their primary account on CRED UPI can continue seamless transactions. We had to figure out a way to: A. Guide users to link an alternative bank account B. Help users switch their primary account away from the barred bank Initially, we relied on traditional outreach methods: Push, WhatsApp, and Email. But one thing outperformed these channels by 4X: Communicating with the users when they were already on the app. ☑ Native card-like banners on the home-page, and ☑ Spotlighting features for account linking and primary account change via interstitials These dynamic experiences inside the app have become key to achieving growth in adoption, activation, and conversion rates for many consumer apps today. And the apps that can rapidly experiment and optimize user communication strategies will be the ones that win. For those curious to dive deeper, Plotline has just released an insightful report on the state of dynamic app experiences for user engagement. Check it out. Link in the comments. #dynamicappexperiences #userengagement #mobileadoption #fintech

How many Apps do you have on your phone? 📱 I recently did a manual count and found 52 apps installed, excluding the factory ones. Among these, I use 5 daily without fail: Whatsapp, Outlook, MS Teams, Banking app and ConnectAlarm. In the digital banking realm, a "super app" is crucial. This single point of entry with all critical products in one platform is a game-changer for users like me who hoard apps but barely use them (except when my daughter takes over for YouTube 🙃). Banking apps are primarily used for Bill Payments, P2P Payments, Balance Checking, Funds Transfer, Expense Tracking, Statement Requests, Digital Wallet, and Savings/Investment Tracking. The future of Digital Banking App Design in Africa is exciting! It must cater to new school tech-savvy users by offering next level use cases such as automated savings, e-commerce, credit builders, advisory analytics, financial wellness tools, digital wallet integration, chat banking, and links to stock markets and cryptocurrencies. #digitalbanking #africanbanking #digitalbankingapp

In Pakistan the money transfer limit from mobile app varies bank to bank and most of the banks only allow funds transfer upto 0.5M/day and 0.5M additional via RAAST. Today one of my friend has to make a payment around 4M. Interestingly, he only uses debit card and digital banking and can only transfer 1M via mobile app performing multiple transactions of 250k each which he will be charged 200 PKR for each transaction as well. Now he's stuck in the moment. And obviously he's not the only one who's facing this. Seeing him helpless, a thought 🤔 came to my mind for the possibility of high-value digital payments. For instance, 1Bill allows vendor paymens irrespective of the amount and e-punjab app generates e-challan which are paid through mobile app and updates in real time. The idea 💡 is about the possibility that when a seller is selling an asset with heavy amount, he generates an e-voucher from his Bank's mobile app which can be paid digitally via 1Bill. After the payment the amount credits in the seller account instantly. This will encourage more digital transactions and reduce reliance on cash 💰 transactions. #banking #branchlessbanking #digitalbanking

Wherever you are, that's where the bank is........ Download the Muktinath SMART app to bank anywhere, anytime. ⁠ #MuktinathBikasBank #visadebitcard #ecommcard #BankSafe #visacard #bestbank #bestsavings #safebanking #ecommerce #atmservice #noextracharges #morewithdrawals #digitalbanking #muktinathsmart