E-RUPI
Definition E-RUPI is a digital voucher system launched by the Government of India. It delivers prepaid, purpose-specific vouchers…
E-Mandate
Definition E-Mandate is an electronic authorization that allows businesses or banks to automatically debit a customer’s bank account…
E-KYC
Definition E-KYC stands for Electronic Know Your Customer. It is a paperless process used to verify a person’s…
Digital Wallet
Meaning A Digital Wallet is a virtual tool that stores your money and payment details like bank account…
Digital Signature
Definition A Digital Signature is an electronic method of signing documents that confirms the sender’s identity and ensures…
Digital Onboarding
Meaning Digital Onboarding is the process of registering new customers or users to a digital platform or financial…
TPAP (Third Party App Provider)
Meaning TPAP stands for Third Party App Provider. It refers to non-bank apps that offer UPI services to…
TRN (Transaction Reference Number)
Meaning A Transaction Reference Number (TRN) is a unique ID generated for every UPI transaction to help track…
Refund Process
Definition The refund process in UPI refers to the steps taken to return money to a user after…
P2P Transactions
Introduction P2P (Peer-to-Peer) transactions are digital payments made between two individuals using UPI. Definition The definition of P2P…