Payment gateways are essential for any business that accepts payments through digital mode. The technology circulates financial data around the necessary entities to authorise payments and move money from a customer to a merchant. A Payment gateway is a technology provided by a third party… Read More »Top 5 Payment Gateway Companies in India
Bank accounts help you keep your money safe. At the same time, they also help you compound your investment or savings by allowing you to earn interest on your deposits. Banks operating in India fall under four categories: private banks, public sector banks or nationalized… Read More »Types of Bank Accounts in India
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24×7 throughout the year including bank holidays. NEFT was also made available 24×7 from December… Read More »What Is IMPS?
What Is a Unified Payments Interface (UPI)? Unified Payments Interface (UPI) is an instant payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on Mobile devices to instantly transfer funds between two bank Accounts. The mobile number on the device… Read More »What Is UPI? And How It Works?