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  2. National Payments Corporation of India - Wikipedia

    en.wikipedia.org/wiki/National_Payments...

    The National Payments Corporation of India ( NPCI) is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and ...

  3. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.

  4. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1] [2] A payment system is an operational network which links bank ...

  5. National Automated Clearing House - Wikipedia

    en.wikipedia.org/wiki/National_Automated...

    National Automated Clearing House, introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank high volume, low value transactions that are repetitive and periodic in nature. Offering credit and debit service to corporates, banks, and financial institutions, the service, aimed at ...

  6. RuPay - Wikipedia

    en.wikipedia.org/wiki/RuPay

    RuPay (portmanteau of Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and launched by the National Payments Corporation of India (NPCI) in 2012. [1] [2] [3] It was created to fulfil the Reserve Bank of India 's (RBI) vision of establishing a domestic, open and multilateral system of payments.

  7. Real-time gross settlement - Wikipedia

    en.wikipedia.org/wiki/Real-time_gross_settlement

    Real-time gross settlement ( RTGS) systems are specialist funds transfer systems where the transfer of money or securities [1] takes place from one bank to any other bank on a "real-time" and on a "gross" basis to avoid settlement risk. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with ...

  8. Florida 7th grader wins 2024 Scripps National Spelling Bee ...

    www.aol.com/florida-7th-grader-wins-2024...

    Bruhat Soma is the 2024 Scripps National Spelling Bee champion after a dramatic tiebreaker between the two top spellers in the event. The 12-year-old was crowned Thursday night after correctly ...

  9. National Financial Switch - Wikipedia

    en.wikipedia.org/wiki/National_Financial_Switch

    National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. [1] It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking.

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