Glossary

Meaning Static QR is a fixed QR code generated by a merchant or business, which does not change…

Definition Refund processing refers to the mechanism by which money is returned to a payer after a failed,…

Meaning Request Money is a feature in digital payment platforms that allows a user to send a payment…

Definition QR code scanning is the process of using a smartphone or device camera to read the QR…

Meaning QR code payment refers to making payments by scanning a Quick Response (QR) code using a digital…

Definition The payee is the individual or merchant who receives money in a transaction. The payee’s account is…

Meaning The payer is the individual or entity who initiates a payment to another person or merchant. The…

Definition A payment reversal happens when money sent in a transaction is returned to the payer’s account. It…

Meaning Payment gateway integration is the process of connecting a website or mobile app with a digital payment…

Definition A pending UPI transaction means the payment request has been initiated but not completed due to technical…