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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. [1][2] It is used on mobile devices to instantly transfer ...
In 2013, the bank acquired a 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. [23] Fina Bank branches and subsidiaries were rebranded GT Bank soon afterwards. In 2013, the Bank issued a US$400,000,000 Euro bond at a coupon rate of 6%; the least obtained by a Nigerian company in the international capital market.
Instant payment. Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.
First, add your credit and/or debit cards to Apple Pay. Open the Wallet app on your iPhone, tap the plus sign and follow the instructions to add a new card to Wallet. Once you’ve added the card ...
Controlled payment number. A controlled payment number, disposable credit card or virtual credit card is an alias for a credit card number, with a limited number of transactions, and an expiration date between two and twelve months from the issue date. This "alias" number is indistinguishable from an ordinary credit card number, and the user's ...
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
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SMFB is a Microfinance Bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises.Access Microfinance Bank Tanzania was a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa, Central Asia, and South America, who are majority owned by the AccessHolding conglomerate. [7].