Razorpay

MARCH 27, 2024

What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.

Accountant

Razorpay

JULY 11, 2023

What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?

Accountant

Razorpay

JULY 29, 2023

If you’ve ever transferred money online, changed your ATM Pin on an app, or gotten an email copy of your account statement, you’ve enjoyed the benefits of e-banking. E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. You swipe your card and ping!

Bank

Razorpay

SEPTEMBER 22, 2023

The Unified Payments Interface (UPI) is a game-changer technology for digital payments, allowing users to make instant payments, check account balances, and manage multiple bank accounts in a single app. Users are required to enter their unique Mobile Personal Identification Number (MPIN) to validate the transaction.

IT

Razorpay

FEBRUARY 13, 2024

In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. IMPS known for its speed and simplicity, facilitates seamless money transfers between bank accounts. However, it has a transaction limit of up to Rs. What is IMPS ?

Funds

Razorpay

NOVEMBER 5, 2023

You must be familiar with the term ‘IFSC Code’ if you have transferred funds to another bank account. IFSC helps uniquely identify the bank and the branch where the beneficiary account is located. It ensures that the funds are transferred to the correct bank account and avoids any errors or delays in the process.

Electronics

Razorpay

SEPTEMBER 22, 2024

The finance team then records this in accounts payable and pays the vendor. STEP 2: Data extraction Using Intelligent OCR and machine learning, the software captures data from both paper-based invoices and electronic invoices (e-invoice). STEP 2: Manual data entry Information is manually entered into the accounting system.

Accountant

Wall Street Mojo

JANUARY 16, 2024

A reconciliation statement refers to the banking summary prepared by the banks to list down the bank’s account balances and compare the same with their internal records. read more to have parity in the books of accounts of both legal entities. It keeps accounts up to date and helps simplify accounting errors and theft.

Accountant

Razorpay

DECEMBER 20, 2023

Debit Card Payments Debit cards allow you to make transactions by deducting funds from your bank account. Limited funds: You can only spend what’s in your bank account. Record-keeping: Transactions are recorded, aiding in budgeting. No fees: No transaction or interest charges.

Accountant

Razorpay

NOVEMBER 19, 2024

NACH mandate cancellation is an important process that every account holder should understand. The system serves multiple purposes payments of subsidies, pensions, salaries, dividends, and regular consumer transactions such as bills, EMIs, and loan payments. The mandate is a formal authorisation given to banks and institutions.

Accountant

Razorpay

AUGUST 11, 2024

A payment network is a system that processes electronic payments between consumers, businesses, and financial institutions. By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. What is a Payment Network?

IT

Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. What is a Payment Gateway?

Bank

Razorpay

OCTOBER 27, 2023

Payment security refers to the processes and practices used to safeguard financial transactions, funds and personal information of clients from threats like online and offline payment fraud, unauthorized access, and data breaches. You have the right to dispute suspicious charges on your card or accounts.

Securities

Razorpay

AUGUST 20, 2024

By harnessing AI and machine learning, these systems optimize the entire invoice lifecycle, reducing errors, accelerating processing times, and allowing accounts payable teams to focus on strategic initiatives. This might result in avoidable expenses and accounting issues. These exclusions might wear down the whole payment procedure.

IT

Razorpay

OCTOBER 6, 2024

When dealing with financial transactions, especially in business, it’s essential to understand the distinction between various types of invoices. Example 2: Importing Electronics Proforma Invoice : An electronics retailer in India plans to import a batch of smartphones from a supplier in China.

Sale

Razorpay

SEPTEMBER 20, 2024

POS System vs Cash Register: Key Differences A cash register is a simple mechanical device that can only process transactions and print receipts, whereas a point of sale (POS) system is a computerized system with advanced features like financial transactions, inventory management, customer order management, reporting, and analytics.

Sale

Focus Investment Banking

JANUARY 18, 2024

The role of a senior advisor at FOCUS Investing Banking is to provide strategic advice and guidance to clients on various financial transactions. Then high-end electronics. Senior advisors play a key role in client relationship management, strategic advisory, market research, networking, team collaboration and risk management.

Sale

The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

Financial Institution

Razorpay

APRIL 21, 2025

In today’s fast-paced digital world, businesses are constantly seeking efficient and secure payment methods to streamline their financial transactions. One such solution that has gained significant traction is the electronic cheque, also known as an e-cheque or eCheck. What Is an eCheck (Electronic Check)?

Electronics

Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and use cases.

Accountant

Razorpay

JANUARY 27, 2025

In the world of digital payments , ACH debit has emerged as a reliable and cost-effective method for businesses and individuals to send and receive funds electronically. It revolves around the concept of pulling funds directly from a payer’s bank account, as authorised by the account holder. What is an ACH debit?

IT

Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement?

Bank

Razorpay

JUNE 20, 2025

A cross-border fee is an extra charge applied when a transaction involves two countries—usually when your bank card or payment account is used outside its issuing country or for payments in a foreign currency. Use Multi-Currency Accounts: Holding funds in currencies like USD or EUR can help avoid frequent conversion fees.

Bank