Razorpay

FEBRUARY 13, 2024

In India, IMPS and UPI have emerged as widely used electronic funds transfer methods, revolutionising the way people conduct financial transactions. IMPS known for its speed and simplicity, facilitates seamless money transfers between bank accounts. IMPS allows you to transfer funds up to Rs. What is IMPS ?

Funds 52

Funds Accountant Banking Bank 52

OfficeHours

JUNE 12, 2023

Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management. investment banking, private equity , VC, etc.) You can also check our various course curriculums for different careers (i.e.

Private Equity 147

Private Equity Equities Investment Valuation 147

Peak Frameworks

SEPTEMBER 19, 2023

History of SWIFT In the early 1970s, banks predominantly used telex for international communications, which was not just cumbersome but lacked standardization. To address these inefficiencies, 239 banks from 15 countries collaborated in 1973 to form SWIFT , aiming for a standardized global transaction protocol.

Banking 52

Banking Bank Finance Finance 52

Razorpay

JULY 25, 2023

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

Accountant 98

Accountant Corporation Financial Statement Business 98

Razorpay

JULY 11, 2023

Electronic Fund Transfers: Current accounts support electronic fund transfers, allowing account holders to send and receive money electronically. This includes services like online banking, wire transfers, and mobile banking apps. This feature ensures convenient and timely receipt of funds. What is RazorpayX?

Accountant 40

Accountant Banking Bank Business 40

Razorpay

OCTOBER 25, 2024

Offering a broad range of services, from mutual funds to intra-day trading and derivatives, Rupeezy needed a payment partner who could handle the complexities of financial transactions. SEBI requires every transaction initiated by a customer must be made from their registered bank account. The Hurdle?

Financial Services 52

Financial Services Accountant Funds Banking 52

Razorpay

NOVEMBER 5, 2023

You must be familiar with the term ‘IFSC Code’ if you have transferred funds to another bank account. You may also have noticed the IFSC printed on bank chequebooks. IFSC stands for the Indian Financial System Code. It is an 11-digit alphanumeric code unique to each bank branch in India.

Electronics 52

Electronics Banking Bank Accountant 52

Razorpay

MARCH 18, 2024

A business owner must keep the funds intended for the business separate from their personal finances. A corporate account is a bank account one can open in the name of a business. It is used to facilitate transactions, receive income, and store funds. What is Corporate Account?

Accountant 52

Accountant Corporation Banking Bank 52

Razorpay

JULY 2, 2024

With these, they observed challenges with chargebacks, transaction failures, and high per-transaction costs for alternative payment methods beyond bank transfers. MoneySaver Export Account allows an Indian business to open an international bank account wherever its customers are, without having a local presence.

Accountant 52

Accountant Financial Transaction Banking Bank 52

Razorpay

OCTOBER 27, 2023

Payment security refers to the processes and practices used to safeguard financial transactions, funds and personal information of clients from threats like online and offline payment fraud, unauthorized access, and data breaches. As a final confirmation, the bank sends you an OTP on your registered mobile number.

Securities 98

Securities Banking Bank Business 98

Razorpay

DECEMBER 16, 2024

Accounting is the process of recording all financial transactions of a business over its lifetime. Begin with your starting cash balance for the period, then add any incoming funds and subtract your expenses. Once all transactions are recorded, you calculate the remaining cash balance at the end of the period.

Accountant 52

Accountant Financial Transaction Profitability Business 52

Razorpay

AUGUST 11, 2024

A payment network is a system that processes electronic payments between consumers, businesses, and financial institutions. By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. When a transaction is initiated, the network verifies the details.

IT 40

IT Funds Banking Bank 40

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. Card Networks (e.g.,

Banking 52

Banking Bank Financial Institution Accountant 52

Razorpay

NOVEMBER 30, 2023

Instead of reaching for cash or writing cheques, we can now effortlessly transfer funds electronically with just a few clicks or taps. Besides, electronic payment systems have revolutionized the way we handle our finances, making transactions quicker, more efficient, and accessible to anyone with a bank account.

Electronics 52

Electronics IT Accountant Banking 52

Razorpay

DECEMBER 20, 2023

These methods include cash, credit / debit cards, bank transfers, mobile payments and digital wallets. Debit Card Payments Debit cards allow you to make transactions by deducting funds from your bank account. Limited funds: You can only spend what’s in your bank account. What are Payment Methods?

Accountant 52

Accountant Business Banking Bank 52

Wall Street Mojo

JANUARY 17, 2024

It helps identify the availability of liquid funds with the organization in a particular accounting period. Thus, it accounts for a company’s financial standing and reveals the corporate efficiency in managing its cash and liquidity position. Since cash provides liquidity, it is decisive for the survival of a business.

Accountant 98

Accountant Finance Finance Profitability 98

Razorpay

OCTOBER 31, 2023

Export vs Import Payments Export payments are the financial transactions that occur when a country or entity sells goods, services, or assets to foreign customers or buyers. Import payments refer to the financial transactions that occur when a country or entity purchases goods, services, or assets from foreign sources.

Banking 59

Banking Bank Financial Institution Business 59

Razorpay

MARCH 27, 2024

A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. This type of account is sometimes called a transactional account, as an individual can draw money from it for day-to-day needs, making it easy to access.

Accountant 52

Accountant IT Financial Institution Banking 52

Razorpay

OCTOBER 3, 2024

This includes initiating and processing payments, fraud detection, compliance, handling disputes, resolving issues, managing international transactions, reconciliation, and accounting. It involves integrating various elements to ensure efficient and secure financial transactions.

Banking 52

Banking Bank Business Accountant 52

Wall Street Mojo

JANUARY 16, 2024

A reconciliation statement refers to the banking summary prepared by the banks to list down the bank’s account balances and compare the same with their internal records. These further adjustments are made when the data is compared with the account balances depicted in the bank statements.

Accountant 52

Accountant Banking Bank Financial Modeling 52

Wall Street Mojo

JANUARY 15, 2024

What Is A Transaction Motive? Transaction motive refers to the desire to hold cash to facilitate everyday cash-based financial transactions such as business and personal needs, covering payroll, purchases, and bill payments. Table of contents What Is Transaction Motive?

Economics 52

Economics Financial Transaction Business Management 52

Peak Frameworks

AUGUST 15, 2023

Double-Entry Accounting System Every financial transaction has two sides - a debit and a credit. These principles play a pivotal role in the Accounting Cycle, setting the rules for how transactions are recorded and reported. But why does this matter to an investment banking professional?

Accountant 52

Accountant Financial Statement Finance Finance 52

Razorpay

MARCH 28, 2025

Bank Account Changes: Scammers claim that vendor bank details have changed and redirect payments to fraudulent accounts. Insider Fraud Dishonest employees exploit internal systems to approve fake invoices or divert funds for personal gain. Updated Payment Details: Changes in bank account information without prior verification.

Accountant 40

Accountant Business Banking Bank 40

Razorpay

DECEMBER 20, 2023

Payment reconciliation is an accounting process that serves as the bridge between a company’s internal financial records and its bank statements. This reconciliation is essential because it validates account balances and ensures that the company’s financial records accurately reflect its financial transactions.

IT 52

IT Business Financial Transaction Accountant 52

Razorpay

NOVEMBER 19, 2024

Understanding Mandates and e-NACH Cancellation The National Automated Clearing House (NACH) is a centralised payment system established by the Reserve Bank of India (RBI). The mandate is a formal authorisation given to banks and institutions. NACH mandate cancellation is an important process that every account holder should understand.

Accountant 40

Accountant Banking Bank Electronics 40

Tyton Partners

OCTOBER 26, 2023

Even in PreK-12, with the impending expiration of ESSER funds, deal frequency stayed steady. But as districts look towards the ESSER-funding cliff next year and sift through the variety of products and solutions that were adopted since the start of the pandemic, a clear trend is emerging around the need for streamlining and consolidation.

Education 59

Education Funds Investors Acquisitions 59

Tyton Partners

OCTOBER 26, 2023

Even in PreK-12, with the impending expiration of ESSER funds, deal frequency stayed steady. But as districts look towards the ESSER-funding cliff next year and sift through the variety of products and solutions that were adopted since the start of the pandemic, a clear trend is emerging around the need for streamlining and consolidation.

Education 52

Education Funds Investors Acquisitions 52

Peak Frameworks

SEPTEMBER 12, 2023

During the 2008 financial crisis, for instance, many banks approved "liar loans," where borrowers provided fake income statements. Embezzlement Distinct from common theft, embezzlement involves misappropriating funds placed in one's trust. Think of a finance manager redirecting company funds to their personal account.

Accountant 52

Accountant Finance Finance Investors 52

Razorpay

DECEMBER 5, 2023

This feature allows businesses to see all their transactions and settlement data on the Razorpay dashboard. It acts as a single source of truth for all financial transactions across payment gateways, providing complete visibility and speeding up decision-making.

Business 52

Business Accountant Finance Finance 52

Wall Street Mojo

JANUARY 15, 2024

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

Accountant 98

Accountant Financial Modeling Financial Models Financial Statement 98

Razorpay

NOVEMBER 29, 2023

It encompasses protective measures and protocols to safeguard sensitive payment information during online transactions. In FY2022-23, banks reported a total number of 6,659 cases of digital payment fraud. Thus, businesses must prioritise payment security to protect their funds and ensure customer loyalty.

Securities 98

Securities Business IT Education 98

Razorpay

MAY 30, 2024

Understanding the OPGSP Guidelines The OPGSP (Online Payment Gateway Service Provider) guidelines are regulatory standards set by the Reserve Bank of India (RBI) to govern the operations of online payment gateways in India. Customer Protection OPGSPs are responsible for ensuring the safety and security of customer data and funds.

Risk Management 40

Risk Management Securities Business Financial Transaction 40

Sun Acquisitions

FEBRUARY 20, 2024

However, like any financial transaction, it comes with its own set of risks and complexities. This blog post will explore the critical aspects of due diligence in seller financing deals and what buyers must know to ensure a successful transaction. It offers flexibility in structuring the deal and potentially lower upfront costs.

Finance 52

Finance Finance Financial Statement Business 52

Razorpay

SEPTEMBER 12, 2024

AI in payments refers to using artificial intelligence and machine learning algorithms to streamline and enhance various aspects of financial transactions and payment processes. Fraud Detection and Prevention AI in payment systems can analyse data quickly to find and flag dubious transactions and stop fraud before it occurs.

Financial Institution 52

Financial Institution Business Securities IT 52

IBG

FEBRUARY 6, 2024

They don’t fully understand where the funds went. Informed expectations and being prepared to help manage the factors through closing go a long way in ultimately preserving the seller’s joy in completing what is often the biggest financial transaction of their life.” Deferred Payments.

Sale 52

Sale Business Negotiation M&A 52

The TRADE

APRIL 30, 2024

These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financial markets. The years following 2008’s GFC experienced continued financial regulatory reform.

Financial Institution 69

Financial Institution Financial Market Risk Management Banking 69

Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and use cases.

Funds 52

Funds Accountant Banking Bank 52