Glossary Terms

03

Nov'17

Asian Development Bank (ADB)

Asian Development Bank (ADB) is a multilateral development institution for Asian countries. Member of ADB are from the United Nations …

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03

Nov'17

Asian Development Bank (ADB)

Asian Development Bank (ADB) is a multilateral development institution for Asian countries. Member of ADB are from the United Nations …

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03

Nov'17

Internet Banking

Internet banking is a generic term used to indicate digital banking using the technology platforms of EFT, RTGS, Electronic Clearing …

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03

Nov'17

Point of Sale Terminal

A point-of-sale (POS) terminal is a computerized version of a cash register which can process credit and debit cards. A …

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03

Nov'17

Banking Cards

Banking cards comprised of Credit/Debit/Cash/Travel cards are most used and popular forms of digital money transfer. The Rupaya Cards, Master …

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03

Nov'17

Merchant Discount Rate

It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit …

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03

Nov'17

BHIM (Bharat Interface for Money)

BHIM (Bharat Interface for Money) is a digital payments solution app based on Unified Payments Interface (UPI) from the National …

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03

Nov'17

Unified Payments Interface (UPI)

The Unified Payments Interface (UPI) is a digital payment architecture rolled out by National Payments Corporation of India (NPCI) using …

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03

Nov'17

USSD based *99#

One of the innovative payment service launched by NPCI includes *99# service, which works on Unstructured Supplementary Service Data (USSD) …

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03

Nov'17

Aadhaar Payments Bridge System (APBS)

The Aadhaar Payments Bridge System enables payments from government and government institutions to Aadhaar-enabled accounts of beneficiaries at banks and …

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