Razorpay

MARCH 21, 2024

In 2001, you needed money and had to take a bank loan. After visiting your bank, you received a pamphlet with loan details. You compared other banks, gathered documents, submitted them, and waited for verification. You approached a bank for a loan and realized you could avail benefits without visiting the bank.

IT 98

IT Bank Banking Accountant 98

Razorpay

OCTOBER 13, 2023

A letter of credit (LC) is a contractual agreement between the importer and exporter’s bank, promising payment upon meeting the mentioned terms and conditions in the LC. This is done by providing specific documents, which upon verification by the banks, releases payment from the buyer’s bank to the exporter’s bank.

Business 64

Business Accountant Bank Banking 64

Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. What is a Payment Processor?

Bank 52

Bank Banking Financial Institution Accountant 52

Razorpay

JANUARY 2, 2024

A payment processor is a service that facilitates online transactions by securely transmitting payment data between the merchant, customer, and acquiring bank. A payment processor is a financial service provider that enables businesses to accept and process customer payments securely. How Does a Payment Processor Work?

IT 52

IT Accountant Funds Bank 52

Razorpay

APRIL 10, 2025

It was introduced by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI). e-Mandate Key Takeaways The financial institution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services.

IT 76

IT Insurance Bank Banking 76