Meaning
UPI Device Binding links a user’s mobile device to their UPI account to prevent fraud.
Importance
Transactions can only be initiated from the registered device, adding an extra layer of security.
UPI Device Binding links a user’s mobile device to their UPI account to prevent fraud.
Transactions can only be initiated from the registered device, adding an extra layer of security.
The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.
Definition Dynamic QR generation refers to the process of creating fresh, transaction-specific QR codes through merchant systems or…
What is the Full Form of NEFT and its Meaning? The full form of NEFT is National Electronic…
Introduction P2M (Peer-to-Merchant) transactions are UPI payments made by customers to businesses for goods or services. Definition The…
Meaning A UPI Complaint refers to a user-raised issue regarding a failed, delayed, or incorrect UPI transaction. It…
Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…
Meaning A Moratorium is a temporary pause given by banks on loan repayments for a specific period. During…