UPI Payment Notification
Meaning UPI Payment Notification is a real-time alert sent to your mobile whenever you send or receive money…
UPI App Security
Meaning UPI App Security refers to the safety measures built into UPI applications to protect user data and…
UPI App Timeout
Definition UPI App Timeout occurs when a transaction or login takes too long and the app automatically cancels…
UPI Escrow Account
Definition A UPI Escrow Account is a temporary account used to hold funds securely during a transaction. It…
UPI KYC
Meaning UPI KYC, or Know Your Customer, is a verification process required to use UPI services safely. The…
Smart POS (Point of Sale)
Definition POS stands for Point of Sale. A Smart POS is a modern payment device that supports card,…
Bank Ombudsman
Definition The Bank Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve complaints…
Voice-Based Payments
Meaning Voice-Based Payments use speech recognition technology to make transactions through spoken commands. How It Works Users give…
Base Rate
Definition The Base Rate is the minimum interest rate set by the Reserve Bank of India (RBI) that…
USSD Payments (*99#)
Full Form & Meaning USSD stands for Unstructured Supplementary Service Data. USSD Payments (*99#) allow mobile banking without…