Razorpay

MARCH 21, 2024

The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. Issuing bank shares the status with NPCI, who in turn shares it status with the sponsor bank. This status is then shared with Razorpay who in turn informs the business.

IT 98

IT Bank Banking Accountant 98

Razorpay

JANUARY 2, 2024

Subsequently, the acquiring bank shares this code with the payment processor, which relays it to your website. Merchant accounts require a dedicated account with a financial institution and offer more control over funds and transaction processes. You can then proceed with the order fulfillment and sale completion.

IT 52

IT Accountant Funds Banking 52

Razorpay

APRIL 10, 2025

e-Mandate Key Takeaways The financial institution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.

IT 76

IT Insurance Bank Banking 76