What is EDC Machine? A Complete Guide
EDC or Electronic Data Capture Machine, commonly known as a payment terminal or card machine, is an electronic device that allows merchants to accept card payments from customers. In…
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Rbi Latest Upi Innovations To Enhance Digital Payments
UPI currently dominates online payments in India, clocking over 22.7 billion transactions worth $768 billion in FY23. Seeing UPI’s tremendous success, RBI recently unveiled several new features to accelerate adoption…
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Cross Border Payments in India: Current Challenges and Future Opportunities
In today’s interconnected world, cross border payments have become vital to international trade and commerce. As one of the world’s fastest-growing economies, India plays a significant role in global trade…
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What Is The Difference Between VPA And UPI ID?
Since the introduction of UPI, the digital payments ecosystem has seen a massive surge in India in recent years. UPI has enabled seamless, instant, and secure fund transfers between bank…
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Payment Settlement Guide: Understand the Payment Settlement Process
Customer purchases a product from an e-commerce website, then, selects the payment option and pays through various payment options available. Before the money reaches an e-commerce (merchant) bank account, it…
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