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What is Banking?

Razorpay

A bank is any financial institution that helps people and businesses store, invest and borrow money. People take loans for a number of reasons: to buy a new asset like a car, or house or for education. They are intermediaries in the transaction and work with large corporations, hedge funds, and other financial institutions.

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What is the Difference Between Invoice and Bill?

Razorpay

Education Bills: Tuition and fee statements from educational institutions. Bills are essential documents in financial transactions, serving as a record of goods or services purchased, the amount owed, and the agreed-upon payment terms. Service Bills: Charges for professional services like legal or consulting work.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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What Is an ACH Debit and How Does It Work?

Razorpay

This process is facilitated by the Automated Clearing House (ACH) network, a secure and efficient Electronic Payment System that connects financial institutions across the United States. This information includes the payer’s account details, the payment amount, and the desired transaction date. How do ACH debits work?

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What is an eCheck? How Electronic Checks Work for Fast, Secure Payments

Razorpay

In today’s fast-paced digital world, businesses are constantly seeking efficient and secure payment methods to streamline their financial transactions. This triggers the ACH network to initiate the fund transfer process, securely transmitting the payment instructions to the respective financial institutions.

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UPI vs UPI Lite: Key Differences Explained

Razorpay

You can rely on it for paying rent, utility bills, educational fees, and healthcare expenses. With its high transaction limit and robust authentication, UPI ensures secure handling of significant financial transactions. UPI Lite Use Cases UPI Lite is tailored for microtransactions. Future of UPI Lite?