Meaning UPI bank settlement is the process through which banks process UPI transactions and transfer funds from payer…

Definition A UPI Transaction ID is a unique number generated for every UPI payment. Meaning of UPI Transaction…

Definition UPI Failed Status Codes are error codes generated when a UPI payment does not go through. Meaning…

Meaning of MDR MDR stands for Merchant Discount Rate. MDR is the fee charged to merchants for accepting…

Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…

Definition UPI merchant dashboard is an online interface provided by banks or payment platforms for merchants to monitor…

Definition POS stands for Point of Sale. A Smart POS is a modern payment device that supports card,…

Definition The Bank Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve complaints…

Meaning Voice-Based Payments use speech recognition technology to make transactions through spoken commands. How It Works Users give…

Definition The Base Rate is the minimum interest rate set by the Reserve Bank of India (RBI) that…