Razorpay

MAY 6, 2024

Payment processing is the backbone of financial transactions in today’s digital world. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. Popular examples include Paytm and Google Pay.

IT

Razorpay

NOVEMBER 5, 2023

IFSC facilitates paperless money transactions through various electronic payment tools, such as RTGS, IMPS and NEFT. IFSC helps track and monitor your transactions, thus reducing the risk of fraud or misuse of funds. With IFSC, the RBI can monitor and regulate all electronic transactions in the financial and banking system.

Electronics

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. Razorpay encrypts all information you share using checkout via TLS. What is Payment Security?

Securities

Razorpay

DECEMBER 20, 2023

To accept credit card payments, businesses need to establish a partnership with a payment processor, which facilitates the transaction. They must then set up a merchant account, essentially a business bank account that allows for electronic payments. Advantages Disadvantages Speed: Transactions are processed quickly.

Accountant

Razorpay

SEPTEMBER 22, 2023

Leveraging Existing Payment Systems UPI relies on the existing National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) systems for settlements. The issuing bank, or the sender’s bank, verifies the transaction’s authenticity, balance, and customer credentials.

IT

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? Frequently Asked Questions (FAQs) 1.

IT

Razorpay

JULY 11, 2023

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.

Accountant