Three features to boost Commercial Credit Cards
Commercial Credit Cards are cards designed for exclusive usage by business establishments. The market for Commercial Credit Cards is on the increase, with the new age fintech players tying up with issuing banks for issuance of the same. Commercial Credit Cards are designed for adoption by mom n pop stores, small supermarkets, etc and can be customized to a great extent. As a #friendof BBPS , the more commercial credit cards become popular, the more the same will be used for BBPS transactions. This is turn will increase the Average BBPS transaction amount, which is around INR1,900/- now. Three features to boost Commercial Credit Cards Feature 01) Google pay NFC based feature. Tokenisation of credit cards issued by banks. Fintech companies can look at an API between Google Pay and their partner banks for tokenization from Day 1. Feature 02) BBPS (Bharat Bill Payment System) on Commercial Credit Cards issuing banks Mobile Banking/Net Banking Portal. This will enable the...