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Payment security refers to the processes and practices used to safeguard financialtransactions, 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.
Payment security refers to the processes, techniques and protocols used to safeguard online and offline financialtransactions of businesses and protect sensitive payment and personal information of clients from threats like payment fraud, unauthorised access, and breach of privacy. What is Payment Security?
It can be used for over-the-counter (OTC) payments, allowing users to make quick transactions at physical stores by scanning QR codes or entering Virtual Payment Address (VPA). Additionally, UPI simplifies day-to-day bill payments such as utilities and mobile recharges, offering a one-stop solution for a wide range of financialtransactions.
Bills are essential documents in financialtransactions, serving as a record of goods or services purchased, the amount owed, and the agreed-upon payment terms. A waybill is a document used in shipping that lists the goods being transported and their destination. What are the Uses of a Bill?
Limited security since PIN is not required for smaller transactions. snacks, transport). UPI Lite is a simplified version of UPI designed for small-value transactions. With its high transaction limit and robust authentication, UPI ensures secure handling of significant financialtransactions.
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