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UPI to account for 90% of retail digital payments by 2026-27: PwC report

Business Standard - FInance

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years, the report said.

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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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Retail Banking vs Corporate Banking

Razorpay

Businesses have financial needs, too. Regular retail banks provide financial services to individuals but are not equipped to service businesses. Corporate banking provides businesses financial services like account holding, loans, capital, vendor management, and more. Check out RazorpayX!

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What is a Merchant Account? How to Get a Merchant Account?

Razorpay

Receiving payments from your customers is one of the primary yet sensitive areas of any business, particularly in the initial stages of starting a company. Once you have set up a business account, it is important to set up an online merchant account as well. But what is a merchant account? Wondering why?

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Current Accounts: Understanding and Maximising Business Banking

Razorpay

What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?

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The 9 best card readers for UK small businesses

Growth Business

By Henry Williams on Growth Business - Your gateway to entrepreneurial success As your business grows, so do your needs for a reliable, scalable, and cost-effective card reader. There are countless card reader options for small businesses, so how do you choose the right one? Small Business Pro Conclusion 1. SumUp Air 2.

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What is the Accounting Equation? Explaining Assets = Liabilities + Equity

Peak Frameworks

The accounting equation is a fundamental concept in finance that every private equity professional, investment banker, and corporate , finance expert should be familiar with. This equation plays a critical role in financial reporting, decision-making, and understanding the financial health of a business. For example, Apple Inc.