Innoviti IMPACT Blog
Payment trends & insights from over 70 million consumers transacting at over 20,000 outlets across 1,000+ cities annually, on Innoviti.
How SMBs are fighting back using Innoviti’s modern technology
Large number of small businesses in India face a tough competition from online players and established large format retailers. By virtue of the scale at which they operate, these large and established players have access to banks and brands to create offers targeting common consumers at shared costs.
How can AI tools help merchants in growing their businesses?
Advanced technologies such as Artificial Intelligence and Machine Learning (AI/ ML) help merchants garner insights that cannot be inferred from conventional MIS.
Conventional payment Management Information Systems provide raw and analysed information on transactions accessible through filters. These are primarily used by the Finance department for reconciliation and dispute management.
Why helping small merchants sell is more important than helping them buy more?
Large number of small businesses in India face a tough competition from online players and established large format retailers. By virtue of the scale at which they operate, these large and established players have access to banks and brands to create offers targeting common consumers at shared costs.
What are the hurdles in the path of creating a world-class payments ecosystem in India?
Widespread internet penetration, a slew of government reforms and sustained investor interest in payment space has led to a surge in digital payment adoption by consumers and merchants. Unified Payments Interface (UPI) has accelerated this adoption multi-fold as the simplicity and ease of use by both developers and consumers, unbottled many use cases.
How SMBs are fighting back using Innoviti’s modern technology
Large number of small businesses in India face a tough competition from online players and established large format retailers. By virtue of the scale at which they operate, these large and established players have access to banks and brands to create offers targeting common consumers at shared costs.
How can AI tools help merchants in growing their businesses?
Advanced technologies such as Artificial Intelligence and Machine Learning (AI/ ML) help merchants garner insights that cannot be inferred from conventional MIS.
Conventional payment Management Information Systems provide raw and analysed information on transactions accessible through filters. These are primarily used by the Finance department for reconciliation and dispute management.
Why helping small merchants sell is more important than helping them buy more?
Large number of small businesses in India face a tough competition from online players and established large format retailers. By virtue of the scale at which they operate, these large and established players have access to banks and brands to create offers targeting common consumers at shared costs.
What are the hurdles in the path of creating a world-class payments ecosystem in India?
Widespread internet penetration, a slew of government reforms and sustained investor interest in payment space has led to a surge in digital payment adoption by consumers and merchants. Unified Payments Interface (UPI) has accelerated this adoption multi-fold as the simplicity and ease of use by both developers and consumers, unbottled many use cases.