AutoPay
Definition AutoPay is a feature that allows users to set up automatic, recurring payments for bills, subscriptions, EMIs,…
Aadhaar Seeding
Definition Aadhaar Seeding is the process of linking an individual’s Aadhaar number with their bank account or government…
Digital KYC
Meaning The full form of KYC is Know Your Customer. Digital KYC is the paperless, online method of…
Cybersecurity in Banking
Definition Cybersecurity in Banking refers to the practices, technologies, and tools used to protect digital financial systems from…
CBDC (Central Bank Digital Currency / Digital Rupee)
Definition The full form of CBDC is Central Bank Digital Currency. In India, it’s also called the Digital…
Contactless Card
Meaning A Contactless Card is a debit or credit card that allows users to make payments by tapping…
BNPL (Buy Now, Pay Later)
Meaning BNPL stands for Buy Now, Pay Later. It is a short-term credit facility that allows customers to…
Blockchain
Definition Blockchain is a type of decentralized digital ledger that stores data in a secure, transparent, and tamper-proof…
Biometric Authentication
Meaning Biometric Authentication is a security method that verifies a person’s identity using unique physical traits such as…
AFA (Additional Factor Authentication)
Meaning The full form of AFA is Additional Factor Authentication. It is a security feature used in digital…