Merchant Settlement Report
Meaning A merchant settlement report is a detailed statement provided by banks or payment platforms that shows the…
Multi-Bank Linking
Definition Multi-bank linking means connecting more than one bank account to a single digital payment platform, such as…
Micro Payments
Definition Micro payments are very small transactions, usually less than ₹100, made digitally for low-cost services or products.…
How to Use Paytm’s ‘Hide Payment’ Feature for Private Transactions
Privacy and personalization have become central to digital financial experiences. With more users opting for contactless and cashless…
Merchant Settlement Cycle
Meaning Merchant settlement cycle is the time taken by banks or payment systems to transfer collected customer payments…
Mobile Recharge via UPI
Definition Mobile recharge via UPI means topping up your prepaid balance or paying your postpaid bill directly through…
Mandate Payment
Meaning A mandate payment is a pre-approved instruction that allows money to be automatically deducted from your account…
Linked Bank Accounts
Definition Linked bank accounts are bank accounts connected to a payment app like UPI. This connection allows users…
Low-Value Payments
Meaning Low-value payments are small-sized transactions usually made for everyday expenses. These are quick and often completed without…
Instant Settlement
Definition Instant settlement means transferring money to the merchant’s bank account immediately after a customer makes the payment.…