Merchant Discount Rate (MDR) – All You Need to Know

Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR…

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UPI: All you need to know

What is UPI? Developed by the National Payments Corporation of India, UPI is an instant real-time payment system. Here, the payments can be made through an app on a mobile…

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Neobank: The Future Bank Everyone Should Know About.

It is rightly said, “Change is the only constant in life.” It is so because technology keeps changing every day, without us getting noticed. So, we present you with a…

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NEFT – Meaning, Transaction Charges and Timings.

Introduction Gone are the days when people need to visit banks for every transaction. Taking out time from a busy schedule to visit a bank is a very daunting task….

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Open Banking – Emerging Banking 2.0 in India.

Introduction Open banking in India is in a very nascent stage. It is because the Indian banking system focuses more on security and privacy. Think of open banking as the…

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NACH (National Automated Clearing House) – all you need to know.

Table of Contents What is NACH? Objective of NACH NACH Credit and Debit How does NACH mandate work? Benefits of NACH for SME and StartUp Benefit to customers, banks and…

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