Razorpay

NOVEMBER 30, 2023

Instead, we have embraced the convenience and efficiency of electronic payment systems, or e-payment systems. In this comprehensive guide, we’ll delve into what an electronic payment system is, explore its various types, and uncover the inner workings that make it all possible. What is an Electronic Payment System?

Electronics 52

Electronics IT Accountant Banking 52

Razorpay

JULY 29, 2023

E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. Electronic Data Interchange (EDI) Electronic Data Interchange is a digital mode of fund transfer across businesses. In this way, it helps reduce transaction costs across a supply chain.

Banking 52

Banking Bank Electronics Accountant 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

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. Two major factors drive its functioning: the level and frequency of transactions.

Economics 52

Economics Financial Transaction Business Management 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. What is a Payment Network?

IT 40

IT Funds Banking Bank 40

Razorpay

JULY 11, 2023

Current Account Features The features offered by current accounts make them highly convenient to manage high-volume finances. Electronic Fund Transfers: Current accounts support electronic fund transfers, allowing account holders to send and receive money electronically.

Accountant 40

Accountant Banking Bank Business 40

Razorpay

DECEMBER 20, 2023

To accept credit card payments, businesses need to establish a partnership with a payment processor, which facilitates the transaction. They must then set up a merchant account, essentially a business bank account that allows for electronic payments. Streamlined finances: No need to remember due dates.

Accountant 52

Accountant Business Banking Bank 52