Remove Financial Transaction Remove Funds Remove Transportation
article thumbnail

Unified Payments Interface (UPI): Meaning and How it Works?

Razorpay

Introduced by the National Payments Corporation of India (NPCI), and regulated by the Reserve Bank of India (RBI), UPI has transformed digital transactions, streamlining the process of transferring funds between individuals and businesses. The NPCI checks the sender’s account details, account balance, and fund availability.

IT 98
article thumbnail

What is Payment Security? Actionable Guide to Securing Your Online Payments

Razorpay

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. What is Payment Security? The data is encrypted to provide end-to-end protection.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Payment Security? Actionable Guide on Types & Secure Payment Gateway Protocols

Razorpay

Thus, businesses must prioritise payment security to protect their funds and ensure customer loyalty. Widely used encryption protocols like SSL (Secure Socket Layer) and TLS (Transport Layer Security) help establish secure connections during online transactions. These encryption protocols secure data during online transactions.

article thumbnail

UPI vs UPI Lite: Key Differences Explained

Razorpay

snacks, transport). Requires pre-loading of funds within the 5,000 limit. UPI Lite is a simplified version of UPI designed for small-value transactions. With UPI Lite, you can make multiple small transactions daily, subject to a total balance limit of 4,000. Do UPI Lite transactions require a UPI PIN? What is UPI?