Getting a credit card can be hard for some, depending on their circumstances. What’s more, in India, credit cards have not gained as much traction as was expected due to the obstacles of long applications and credit score-related issues. To help circumvent this, there’s been a rise in “buy now, pay later” methods that are allowing people to get their loans while bypassing the usual hassles that come with applying for credit cards or loans.

The rise of the “buy now, pay later” digital loan companies have been assisted by their smart use of technology. With hundreds of millions of mobile and online users in India, by making their businesses internet and mobile-friendly, it’s easy for companies to reach people and for the people to get their loans. Let’s take a look at three Digital Credit companies that are on the rise in India!

ePayLater

Lauded as India’s 1^st Digital Credit Card, you can Shop Now, Pay Later with ePayLater instead of needing to worry about applying and qualifying for a physical credit card. By utilizing UPI as a payment method, you can basically buy from your favourite merchants and pay with it. And what’s more, like a credit card, you can even get cash back and reward points on purchases you make with ePayLater. Why need a credit card when you can have a mobile-friendly payment method that works just like one?

Quiklo

Quiklo is a unique one in that it focused on students. Before, getting student loans was not only tortuously inconvenient, but it was also hard to actually get the loans. What’s more, those that got the loans struggled with paying them back. So Quiklo thought up of a new way to ensure that their loans were going to the right students: They look at your school marks. If you’re a good student and you can prove that you are excellent at your studies, Quiklo will use it as a way to help determine if you qualify for a gadget loan.

ZestMoney

Utilizing EMI as their payment method, ZestMoney is another powerful way of paying for your things through your favourite online merchants. ZestMoney is known for its very high approval rates and zero pre-closure charges. And it is easy to apply. The least that they require is two of these three basic documents of identification: Your PAN card, Driving License, passport photo ID, 3-months of bank statements, or your Aadhaar card.

Conclusion

Getting credit or loans doesn’t have to be difficult any longer. Now, it is possible to get credit digitally, and it’s not that hard to get it either. With the rise of these digital “buy now, pay later” forms of payment, it’s likely that more will arise, and it will become even more widespread.

Remember that these are still credit loans and that they must be paid off. So long as you remain watchful of your usage and your payments, you can enjoy these digital credit methods just as much as you would a physical credit card or a traditional loan. The march of technology will continue to make things more convenient, such as with these, so be prepared!

To read more on topics like this, check out the business category.

If you’re in the process of choosing new team uniforms for your workplace, you may be interested checking out NNT Customised and continuing reading in order to discover why you should try designing your team uniforms yourself!

Why you should design your own team uniforms for the workplace:

1. So that you’ll be able to design uniforms that are practical for your employee’s roles

One reason why it’s a great idea to invest a bit of time into designing custom uniforms for your employees is that you’ll be able to choose individual pieces of clothing for your employees’ uniforms which will suit your employee’s roles.

As an example, if your team members work in customer service you may want to choose polo shirts for your team members uniform. Whilst if your team members attend client meetings on a regular basis, you may want to opt for tidy button shirts, for your team uniforms.

2. Your team members will be easily identifiable

Another reason why it’s a great idea to design team uniforms for your workplace is so that your team members will be easily recognizable. Which is great as visitors to your workplace such as clients and customers will be able to instantly identify all of your team members. Which is particularly handy if your team works in retail or provides a particular set of services.

3. You’ll be able to design uniforms which incorporate your team member’s input

Instead of simply selecting generic items for your team’s uniforms, it’s a great idea to talk to your team members to see what type of pieces they would like incorporated into your team uniform. As your team members are the individuals who will wear your team uniforms on a daily basis and who should have input into the team uniforms which you choose.

As an example, your team members may be able to tell you what types of fabrics they think your team uniforms should be made out of.

4. You’ll able to personalize your team member’s uniforms

How can you personalize your team member’s uniforms? One simple way to personalize your team member’s uniforms is to get your company’s name or your team member’s names embroidered on to the front of your team member’s uniforms.

5. You can choose pieces for your team member’s uniforms in your company’s colors

Another reason to design your team’s uniforms is so that you can choose specific colors for each piece of your team’s uniform. As an example, if your company’s official color is blue, you may want to select the exact shade of blue featured in your company’s logo for your team’s uniforms. Which will help your customers or clients identify your team members with your business.

6. You’ll boost your team’s moral

Another reason why you may want to spend some time designing uniforms for your workplace is that you’ll boost your team’s moral. As most individuals will be proud to wear a stylish, well-designed team uniform.

So if you’re keen on the idea of designing your team’s uniforms, it’s well worth going ahead and designing your team’s uniforms from scratch!

To read more on topics like this, check out the business category.

While coworking has developed into more than a fad in Southeast Asia, when paired with the thriving tech scene in Singapore, it is a recipe for success. The fact that the coworking environment is fertile for businesses it only makes sense start-ups would get their start there. Coworking in Singapore brings a different dynamic to business simply because spaces in the city-state have evolved to encompass a lot.

With a coworking space in Singapore, professionals are realising that these enclaves can also provide them with bespoke solutions to meet their office needs. In fact, the coworking space is not about just saving businesses money on their overhead. They have real value in a business climate that is fuelling up to help fledgeling businesses establish themselves in the business community.

Continue reading to learn exactly why Singapore start-ups should consider the coworking space.

Downsizing For A Purpose

One of the central reasons that start-ups should consider the coworking space as an alternative to office space has to do with the fact that Singapore is rapidly becoming connected to other countries in the region, and this can make for business opportunities for all businesses. However, a lease that ties up your funds at the month can interfere with any investment opportunities. Moreover, start-ups typically have little funding in the beginning, and the coworking space can allow businesses to reduce their monthly overhead simply by sharing space.

Making Continental Connections

Working in a shared space such as the coworking office exposes you to meeting people from areas around the world and region. In one office, you can happen to be working with people from various industries, professionals who can potentially plug your business into contacts in Singapore and those within the Asia-Pacific market. Because the coworking space promotes community and start-ups are in need of making valuable connections, the coworking space is the best place for businesses to establish relationships in the business community.

Finding A Pathway Into Other Markets

While the country has always been treasured for its beauty, it is also seen as a gateway location into much of the Asia market. Professionals looking to launch a venture in the country could not have chosen a better location. Start-ups can get plugged into a community that can help them leverage their location in one of Southeast Asia’s most dynamic economies. Ultimately, the country is located in one of the most strategic places in the continent and can be a platform for establishing a business in other locations.

Benefitting From Its Flexible Terms

Start-ups definitely benefit from the plan’s flexible terms. Start-ups are really vulnerable in the beginning, and so committing a business to a lengthy lease might not be the best move for your business, and not just for budget reasons either. For one, being able to get out of a conventional lease can be a nightmare unless you are knowledgeable in commercial real estate law in Singapore. For foreign interests, obtaining flexible office space can be very difficult. However, the coworking space’s short-term leases do not commit these fledgeling businesses to a protracted lease. This allows your business the freedom to move about with ease without the excessive overhead, and more importantly, without being tied to a lease that can limit your ability to move on if necessary.

Starting Small On A Big Platform

The platform for start-ups to establish themselves in Singapore has already been established. The country continues to be fertile ground for establishing a business, and in this incarnation, start-ups have so much to gain from working in shared space that provides a community. With a gateway into other parts of the Asia-Pacific market, businesses should not hesitate to use the coworking space as a tool.

When you are young and fit, thinking about your eventual demise and the financial security of your family may seem unnecessary or even morbid, but this is the best time to start considering comprehensive life insurance policies.

Delving into the world of life insurance can be a confusing and convoluted experience. The language and specifics concerning life insurance can be especially daunting if you’re unfamiliar with health insurance, which is why it’s important to do your research first before deciding on what life insurance plans will work for you and your family.

The reasons you have for deciding to purchase life insurance policies for you and your family may vary, but no matter what life event has triggered your decision to buy life insurance, you will know that you are providing financial assistance for your family in the event that anything happens to you.

When you’re choosing comprehensive life insurance plans, you’ll want to keep in mind the following three things to look for in a comprehensive life insurance policy to make sure your family’s future is secure.

Consider what your premiums give you

If you’re unfamiliar with insurance and are just looking to tick a box, you may be drawn to the cheapest, lowest premium that you can find. However, the lowest premium plan may not work best for your family. While competitive pricing is important, cheapest doesn’t always mean best. Many plans with low premiums may be restrictive in how payments are given after death, and what is actually covered. For example, plans with very cheap premiums often don’t cover you against major illnesses if there’s a family history. They also won’t give you more if the death is accidental, and the amount of payout your family receives might not be enough for them. Ideally, a life insurance plan should payout fifteen to twenty times your annual income (with accidental deaths often paying double that).

Look into the life insurance company’s financial health

When you’re buying a life insurance plan you have to consider not just the cost of the insurance plan payout or the premiums involved, but also the overall financial health of the company providing the policy. There are independent agencies that rate insurance companies based on their financial strength and their ability to meet the demands of their current purchased policies and to fulfill their contractual obligations. Each agency has their own rating system, but it will help give you a better idea of the company’s ability to fulfill their demands.

Conversion options and privileges

Before you buy any life insurance plans, learn as much as you can about the company’s conversion options and privileges. Many young families purchase term policies, which means that the plan is offered at a certain price for a set period of time. This is appealing to young people since the plans are often cheaper, but these are temporary plans. This is when a conversion plan comes into play. Conversion plans allow you to change your term plan into a permanent plan, which will give you the security needed for you and your family as you age.

To read more on topics like this, check out the business category.

Roth and traditional IRAs are both savings accounts that are geared towards a person’s eventual retirement. They are similar to a 401K with which a company would set you up, the difference being that you’re the one who is setting up the account and you’re putting money into it according to a schedule that you set, rather than every week as is traditional with a 401K. You might set up a self directed IRA today if it’s something that interests you, but before you dive in, let’s take a few moments to talk about the difference between the traditional IRA and the Roth version that is also popular.

When and How Your Money is Taxed

The most notable differences between Roth and traditional IRAs have to do with how and when the government taxes you on the money that you are putting in. Uncle Sam is always going to have a handout. That much is unavoidable, but with a traditional IRA, your contributions are tax deductible in the year that they were made. If you get a Roth IRA, then your withdrawals are not taxed when you make it to retirement.

Think About the Tax Rate

In determining which one you should be getting, the most critical question that you should be asking yourself is whether you think that your tax rate is going to be lower or higher in the future when you want to cash out. Few people can answer that question definitively, but for the ones who can, the choice becomes easier. If your tax rate is going to be higher, then you’re going to want to get the Roth IRA because of the deferred tax benefit. If it is going to be lower, then it’s got to be the traditional IRA because with that you get the tax benefit up front.

The problem with this approach, of course, is that most people have no idea what their tax rate is going to be when they retire, as most of them start up an IRA when they are decades away from getting out of the workforce.

Flexibility

Many people decide to go with a Roth, though, and the reason is that there are much more flexible rules that go along with one, especially as it relates to early withdrawals. Ideally, you don’t want to take any money out of your IRA until you hit 59 ½, which is when most people are eligible to dip into that money without penalties. Sometimes the unexpected happens, though, and you need money for things like buying a home. The Roth also has rules in place that make it easier for you to pass money on to your heirs if that’s what you decide that you want to do with some of it.

Which Will You Choose?

Several considerations are going to have to go into your decision, and if you think that now’s the time to start up an IRA, you may wish to consult with a retirement expert at your bank. They should be able to explain any further details about the Roth and traditional IRA versions to you, and together you can pick the one that makes the most sense for your needs.

For more business advice from the Be a money blogger blog, click here.

There are ingredients that make up a successful business–determination, hard work and skill– but there is also uncertainty. Business helps to limit the uncertainty of running a business.

The following tips will show you how to invest in the right insurance to safeguard your business:

Understand what you need

There are many options for business insurance and knowing the right one to go for is the first step in safeguarding your business. For example, the insurance coverage needed to run a one-man business may be different if you have employees. Know the risks and damages you can incur in the day-to-day running of your business. Ask yourself: Is there a possibility that a member of the public can be injured by my products or in my premises? This way, you can protect your company against unforeseen occurrences.

Talk to a professional

After your research, speak to an insurance professional before getting started. An expert in your field can help choose the right insurance cover for you. The business you run will largely dictate your choice of insurance cover and the volume of your risk will be accounted for in your coverage plan. The specifics of insurance can be confusing to the average person, so having someone on hand that can explain terminology and other nuances of the industry can be worthwhile, especially when you are choosing a new form of insurance for the first time.

Keep home and business separate

Many small businesses operate from home and in most cases; resources are shared between the business and the home. It is never a good idea to merge your home with your office insurance. For instance, if your employee is involved in an accident while doing a delivery using your private car, is your car insurance going to pay for the medical bills? Can your home insurance cover for theft to your home office equipment? What happens if your small business is sued for giving advice that leads to a financial loss? This is where professional indemnity comes in and underscores the importance of keeping your business insurance separate from your home insurance.

Consider business interruption insurance

Business interruption insurance is often overlooked by business owners. In the event that something happens and you cannot run your business for some time, how do you manage the loss of income during that period? It is your responsibility to consider this scenario especially if you deal in goods and items that can perish after a period. While business interruption insurance is not a compulsory part of your business insurance, it is something you should consider.

When setting up your insurance, consider not just what you need at the moment, but what you will also need as your business grows. If you are not sure about the evolving needs of your business, you can always add more cover at a later date. No matter how you decide to go, having insurance is infinitely better than not having insurance, as you can be assured of some form of financial protection should something unexpected come along.