Payment Bank
Meaning A Payments Bank is a specialized bank licensed by the RBI to offer basic banking services such…
Payment Aggregator
Definition A Payment Aggregator is a service provider that enables merchants to accept various payment methods—like cards, UPI,…
P2P Lending
Meaning P2P Lending (Peer-to-Peer Lending) is a digital method where individuals can lend or borrow money directly through…
Multi-factor Authentication
Definition Multi-factor Authentication (MFA) is a security process that requires users to provide two or more verification factors…
Money Transfer App
Meaning A Money Transfer App is a mobile application that allows you to send and receive money instantly…
Mobile Wallet KYC
Definition Mobile Wallet KYC is the process of verifying a user’s identity to comply with RBI guidelines for…
Mobile Wallet
Meaning A Mobile Wallet is a digital application on your phone that stores payment details and allows secure…
Mobile Banking
Definition Mobile Banking is a service that allows users to perform banking transactions using a mobile phone. It…
Micro ATM
Meaning A Micro ATM is a small, portable device used by banking agents to provide basic banking services…
Limit-Based Transaction Control
Definition Limit-Based Transaction Control is a security feature that allows users to set daily or per-transaction limits on…