Core Banking System (CBS)
Definition CBS stands for Core Banking System. It is a centralized software system that allows customers to access…
PPI
Definition The full form of PPI is Prepaid Payment Instruments. These are methods that store prepaid value for…
OTP (One-Time Password)
Definition The full form of OTP is One-Time Password. It is a temporary code sent to a user’s…
NFC Payments
Meaning The full form of NFC is Near Field Communication. NFC Payments use this short-range wireless technology to…
Net Banking
Definition The full form of Net Banking is Internet Banking. It allows customers to access and manage their…
Payment Processor
Meaning A Payment Processor is a company or system that handles the technical aspects of moving payment information…
UPI SDK
Definition UPI SDK (Software Development Kit) is a set of tools provided to integrate UPI-based payments into mobile…
Payment Gateway
Definition A Payment Gateway is a secure technology that processes online payments by transferring payment data between the…
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,…