Aadhaar Enabled Payment System (AEPS)
AEPS allows online financial transaction using the Aadhaar authentication. At present, for Aadhaar enabled basic types of banking transactions are …
Read MoreElectronic Clearing Service (ECS)
ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ECS is …
Read MoreNational Automated Clearing House (NACH)
National Automated Clearing House (NACH) is a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive …
Read MoreImmediate Payments System (IMPS)
The IMPS was developed by NPCI and offers an instant, 24X7, interbank electronic fund transfer service through mobile phones as …
Read MoreRuPay Cards
RuPay Cards are debit cards launched by the NPCI that offers a domestic multilateral payment system which allows all Indian …
Read MoreVirtual Currency
Virtual currency is a digitally stored value that is used by certain users for settlement of payments. Main feature of …
Read MorePeer to Peer lending
Peer to Peer lending is the practice of borrowing and lending of money among unrelated individuals and business entities, on …
Read MoreDigital Wallet or E-wallet
Digital wallets or E-wallet is a type of pre-paid account embedded in electronic form. It can be used for online …
Read MoreMobile Wallet
A mobile wallet is a virtual wallet that stores card payment information on a mobile device. It carries credit card …
Read MoreStored value cards
A stored-value card is a dedicated payments card with a monetary value stored in the card itself. Here the amount …
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