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  2. Prepaid Payment Instruments in India - Wikipedia

    en.wikipedia.org/wiki/Prepaid_Payment...

    Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored on such instruments. The value stored on such instruments represents the value paid for by the holder, by cash, by debit to a bank account, or by credit card.

  3. Immediate Payment Service - Wikipedia

    en.wikipedia.org/wiki/Immediate_Payment_Service

    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.

  4. PhonePe - Wikipedia

    en.wikipedia.org/wiki/PhonePe

    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.

  5. National Payments Corporation of India - Wikipedia

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

    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.

  6. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    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.

  7. Interac - Wikipedia

    en.wikipedia.org/wiki/Interac

    Interac Direct Payment is a PIN-based system where the information entered on the PIN pad is encrypted and verified at a central server, rather than being stored on the card itself. Because of this, it is significantly more secure than traditional signature or card-based transactions.

  8. Multibanco - Wikipedia

    en.wikipedia.org/wiki/Multibanco

    This system is compatible with most payment systems, including PayPal and all places that accept credit cards as payment. To generate a virtual credit card one must login to the MB NET site and enter a limit. Then the site instantly gives the credit card number and security codes (CVC2 and CVV2) to pay for your online purchase. The number is ...

  9. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.

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