Definition
UPI Payment Initiation is the process of starting a UPI payment request from payer to payee.
Importance
It ensures that the transaction is captured in real-time and follows all UPI protocols.
UPI Payment Initiation is the process of starting a UPI payment request from payer to payee.
It ensures that the transaction is captured in real-time and follows all UPI protocols.
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 UPI transaction OTP is a one-time password generated for verifying a UPI transaction. It provides an additional…
What is the Meaning and Full Form of NACH? The full form of NACH is the National Automated…
Understanding Corporation A corporation is a type of legal entity that is separate from its owners. Created under…
Definition A UPI Switch is the central routing system that connects banks, payment apps, and NPCI to process…
Understanding VAT VAT or Value-added Tax is a tax imposed by the government on the sale of goods…
Meaning A Demand Draft (DD) is a prepaid instrument issued by a bank to transfer money from one…