Top Reasons Bank Transfers fail in India

A comprehensive report on the evolution of transaction banking, top reasons for bank transfer failures & secrets of API banking for businesses!

A must read for payment enthusiasts, founders & product people.

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First Edition

Amith Goel

Founder MEDICI

It is impressive that Cashfree has painstakingly collated and analyzed its own data to bring out this report focused on payouts and bank transfers in India. I welcome the industry to read this report by Cashfree.

Overview of Report

Thanks to our Product Team, we have prepared an interesting study. This covers the evolution of transaction banking, top reasons bank transfers fail in India, & the secrets of API banking for businesses. These insights are based on processing over 100 million transactions across different payment modes and platforms.

Suggested by

Amith Goel

Founder MEDICI

Varun Mittal

Co-Founder, SFA
SFA Associate Partner, EY

DATA EXPERT

Logesh
Engineering Team

CONTRIBUTOR

Suhrud
Product Team

Cashfree API automates bank account validation and allows businesses to find bank account details at the time of onboarding of delivery partners, peer merchants etc.

API banking is to businesses what UPI is to end-consumers. The report explains instruments and goes into details of pertinent issues like ‘why payments fail’ and how businesses can minimize failures – sharing at times data which is proprietary to the company and not available in the public domain.

Varun Mittal
Associate Partner, EY

Cashfree API automates bank account validation and allows businesses to find bank account details at the time of onboarding of delivery partners, peer merchants etc.

Cashfree in the News

ICICI Bank
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Indus Ind Bank
Indus Ind Bank