Definition Unified Grievance Redressal is a system that helps customers raise and track complaints related to digital payments…
Meaning A Virtual Card is a digital version of a debit or credit card created for secure online…
Meaning Two-Factor Authentication (2FA) is a security process that requires two verification steps to complete a transaction. How…
Meaning A Beneficiary is the person or entity who receives money or benefits from a transaction, insurance, or…
Definition Video KYC (Know Your Customer) is a digital method of verifying a customer’s identity through live video…
Definition Robo-Advisory refers to digital platforms that use algorithms and artificial intelligence to provide financial advice or investment…
Meaning QR Code Payments refer to digital transactions made by scanning a Quick Response (QR) code with a…
Definition A QR Code Scanner is a tool or mobile feature that reads QR codes for making payments…
Full Form & Meaning An e-Mandate (Electronic Mandate) is an online standing instruction set up by customers to…
Meaning Smart Assistant Payments involve using AI-powered voice assistants or chatbots to make digital payments. Usage Users can…