5 Fintech Firms Solving the Automation Conundrum for Everyone

The future is now, and we live in a time when everything really can be done with the click of a button. Fintech firms have ensured that all our banking needs can be met digitally, all thanks to rapid automation that has occurred in recent years. One can make payments, receive payments, automatically make recurring payments and also get loans immediately without having to run from department to department in a bank. They have become a part of our lives and made it easier to continue with everyday work. Here are some fintech firms solving the automation conundrum and offering innovative solutions for users.

Paycorp.io

Paycorp.io is the new technology-based solution for any type of recurring payment. Instead of the lengthy procedures of traditional industry solutions, the payment is made on the same day with its fast and reliable B2B recurring auto-debit solutions. One can now easily pay bills, make payments to suppliers, issue salaries to employees, without the need for human intervention. These payments can be weekly, fortnightly, monthly, quarterly or even yearly/ In addition to offering a number of digital touch points for easy access such as WhatsApp, link push and a website, the Recurring Auto Debit Solution provider also offers a range of payment options, such as ACH, UPI and cards. At least six banks have a direct interface with Paycorp.io.

Paytm

As the leading digital payments provider in India, Paytm has grown to be recognized as the most preferred payment option for the B2C domain. The subscription model that is slowly gaining popularity also helps retailers receive recurring payments. One does not have to repeatedly go through the ordering process, and the app makes it possible to keep a supply of goods that are required on a regular basis. Periodic payments are made, which simplifies life.

Razorpay

For online businesses looking for a safe and secure payment gateway solution, Razorpay is the perfect solution. As the world has finally entered the digital era, an increasing number of businesses are launching online. In fact, even conventional businesses are moving online. This indicates that a safe and secure payment gateway, such as that provided by Razorpay, is required. The contractors can collect, process and distribute payments thanks to the customized payment gateway. To guarantee the security that an online business requires, the company, more critically, keeps a close check on online fraudsters.

Google Pay

This digital wallet platform, a Google effort, supports in-app payments as well as online and offline transactions. When Covid was at its most frantic and customers did not want to trade with currency that had changed many hands, it allowed contactless payments. When you don’t want to carry cash but still want the independence of digital payments, UPI is popular because it has no fees, free money transfers and is supported by Android phones, tablets and watches.

Lending Map

For SMEs and small business owners who don’t want to waste time looking for conventional loans, this is the best name. By using technology to assess creditworthiness, it reduces paperwork. A non-deposit taking NBFC, LendingKart enables the borrower to accept loans based on their history and payment speed using data points analyzed with the help of AI. It is ideal for obtaining hassle-free, readily available working capital funding.