Results from the WOW.Com Content Network
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24x7 throughout the year including bank holidays. NEFT was also made available 24x7 from December 2019.
PhonePe is accepted as a payment option at over 17.5 million offline and online merchant outlets across 500 cities in India, covering food, travel, groceries, medicines, movie tickets etc. The app crossed 100 million user mark in June 2018 and also crossed 5 billion transactions in December 2019.
Payments banks is an Indian new model of banks conceptualised by the Reserve Bank of India (RBI) without issuing credit. These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer and may be increased further.
Multibanco is a portuguese interbank network.Is the largest interbank network in Portugal owned and operated by SIBS (Sociedade Interbancária de Serviços S.A.), that links the ATMs of 27 banks in Portugal, totaling 12,700 machines as of December 2014.
BHIM (Bharat Interface for Money) is an Indian mobile payment App developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
The Bharat Bill Payment System is a Reserve Bank of India (RBI) conceptualised system driven by the NPCI. It is a one-stop ecosystem for payment of all bills, providing an interoperable and accessible "Anytime Anywhere" bill payment service to all customers across India with certainty, reliability and safety.
UnionPay is China's first financial-level pre-authorization service for secured transactions. The system allows payment for online shopping at any merchant that accepts UnionPay. In 2014, the total amount of cross-bank transactions of CUP card exceeded 41.1 trillion yuan. Use abroad
Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. Maestro debit cards are obtained from associate banks and are linked to the cardholder's savings account, current account or any of several other types of accounts, while prepaid cards do not require a bank account to operate.