A remittance is a transfer of money by a foreign worker to an individual in his/her home country. Money sent by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers’ remittances are a significant part of international capital flows, especially with regard to labour-exporting countries. In 2014, $436 billion went to developing countries, setting a new record. Overall global
Digital payment is the method of doing our financial transactions using internet i.e. online payment. Educational Institutes are getting the maximum benefits from these digital payments. Digital payments, going cashless and demonetization have been the talk of the country after the government annulled 86% of the country’s currency in November 2016. The main reason behind such
OnFees is one of the best platforms which work for technical solutions to the financial problems as well as management issues of the educational institutes like online fee collection, online admission, Loan facility. In the present age of digitalization when almost all of our tasks are being done using technologies like computer and internet then
In India, almost all type of payments have been used. Previously cash based transactions were preferred more while with the changing conditions digital payments have become the trending way for payments. India has multiple payment systems, both gross and net payment systems. For gross payment India has a Real Time Gross Settlement (RTGS) system called by the
Digital payments in India is not at all a new concept in the department of financial transaction. Rather it is a concept which is being used since a long time ago. Previously the digital payments were mainly the payments done by using credit or debit cards. But now the digital payment mode is the trending
Demonetization has affected education sector in many ways like fee payments and admission. The educational institutes have adapted new ways of financial transaction to overcome the issue of limited cash caused by demonetization. Many of the educational institutes have started collecting their educational fees online using platform working for online fee payment like OnFees. In
Digitization is not at all a new technology. But previously it was not as popular as today. Previously digital was something related to mobiles and numbers only. But now a days it is not so. It has completely different meaning today. At present digitization has covered almost all sectors because it has many advantages. All
As we all know technology is for making the common man tasks to be completed at a faster rate and that too without losing its efficiency. After certain research in the area of technology, many upgrades have been implemented for the further advancement in the previous technologies. Digitization comes under one of such upgrades only.
Cash based financial transactions were always a problem for all. The main problem was the fear involved in such transactions. The Fear is basically generated by two reasons. One is that the money could be robbed and another one is that it could also be misplaced by mistake. Because of these reasons cash based financial
Digital India has completely changed the era of old techniques replacing with the digital solution for almost all the tasks like payment, admission or application. Now, everything can be done digitally which not only save time but also provide best and efficient outcomes. Few most famous example of such tasks is related to education e.g.