Remove Corporation Remove Electronics Remove Financial Transaction
article thumbnail

Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. What is Corporate Accounting? Let’s take a deeper look into the importance of corporate accounting.

article thumbnail

B2B Cross-Border Payments: The Complete 2025 Guide for Indian Businesses

Razorpay

Key Aspects of B2B Cross-Border Payments: 2025 Snapshot B2B cross-border payments are financial transactions between businesses located in different countries. Automated Clearing House (ACH) Payments: An electronic network used for batch processing of transactions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IMPS vs UPI: Difference Between IMPS and UPI Fund Transfer

Razorpay

In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. It is a government-backed initiative developed by the National Payments Corporation of India (NPCI). However, it has a transaction limit of up to Rs. What is IMPS ?

Funds 52
article thumbnail

How to Cancel NACH Mandate? – All About eNACH Cancellation

Razorpay

The e-NACH represents the digital version of NACH developed by the National Payments Corporation of India (NPCI). The system serves multiple purposes payments of subsidies, pensions, salaries, dividends, and regular consumer transactions such as bills, EMIs, and loan payments. How To Cancel e-mandates On NACH Platforms?

article thumbnail

Unified Payments Interface (UPI): Meaning and How it Works?

Razorpay

Introduced by the National Payments Corporation of India (NPCI), and regulated by the Reserve Bank of India (RBI), UPI has transformed digital transactions, streamlining the process of transferring funds between individuals and businesses. Both UPI and IMPS play pivotal roles in facilitating seamless financial transactions.

IT 98
article thumbnail

Checking Account – Meaning & How Does it Work?

Razorpay

These accounts are best suited for small businesses or individuals without complex financial needs. Premium Checking Account A basic checking account cannot keep up with fast-growing businesses, or large corporations. What is a checking account used for?

article thumbnail

Current Accounts: Understanding and Maximising Business Banking

Razorpay

Electronic Fund Transfers: Current accounts support electronic fund transfers, allowing account holders to send and receive money electronically. Convenient and Easy Access to Funds: Current accounts provide quick and convenient access to funds through various channels such as checks, debit cards, and electronic transfers.