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.…
Instant Payment
Meaning Instant payment refers to money transfers that happen in real-time. Once the transaction is confirmed, the money…
High-Value Payments
Definition High-value payments are transactions involving large sums, usually above the standard daily limits set by banks or…
Failed UPI Payment
Meaning A failed UPI payment occurs when a money transfer request does not complete. The money either remains…
Dynamic QR Generation
Definition Dynamic QR generation refers to the process of creating fresh, transaction-specific QR codes through merchant systems or…
Dynamic QR
Meaning Dynamic QR is a QR code that changes for every transaction. Unlike a static QR, it contains…
Bank Account Linking
Definition Bank account linking is the process of connecting your bank account with a digital payment platform, such…