A low CIBIL score due to loan defaults can significantly limit your access to personal loans. By exploring alternative lenders and strategies, you can still secure financing. You can also explore PayMe’s Credit Assist facility to improve your CIBIL score…
An overdraft is a situation that occurs when even though there aren’t enough funds in a person’s account still, they are able to make a transaction or withdraw money. It is a short-term lending solution provided by a financial institution,…
The total currency and the liquid assets available in an economy at a given time are known as the Money Supply. It consists of physical currency, such as coins and banknotes, and digital money stored in various forms in banks.…
In the financial world, the concept of leverage ratio plays a significant role, especially in assessing the financial health and stability of different companies. It is a type of financial measurement that looks at how much capital comes in the…
In today’s digital era, online transactions have become the new normal. Interchange fees are the charges that a merchant’s bank account pays to process credit and debit card transactions. In this blog, we will delve into the world of interchange…
In Today’s world, income inequality is a significant concern for many people. With technological advancement, more financial services are being provided through digital mediums. As a result, financial technology has become a popular way to access financial services like investing,…
Fintech companies have given us a different idea and changed our thinking towards banking and financial services. As mobile banking and digital payment methods are rising, Fintech companies are offering innovative solutions that are both convenient and affordable. Freemium is…
With this ever-growing technology, consumers and producers are turning towards digital payment methods from traditional payment methods to make transactions, which have proven to be faster, easier, and more convenient. An electronic check, or E-check, is a digital payment method…
Due diligence allows Fintech companies like PayMe to analyze and mitigate risk from any investment or business decision. In addition, due diligence helps in identifying potential risks and opportunities before entering any business transactions. In this blog, we’ll understand how…