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  2. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [1][2] It is used on mobile devices to instantly transfer ...

  3. BHIM - Wikipedia

    en.wikipedia.org/wiki/BHIM

    BHIM (Bharat Interface for Money) BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [1] it is intended to facilitate e-payments directly through banks and encourage cashless ...

  4. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    Inward transactions: No charge to be levied. Outward transactions: For transactions of ₹ 200,000 (US$2,400) to ₹ 500,000 (US$6,000): up to ₹ 25 (30¢ US) per transaction plus applicable time varying charges (₹ 1 (1.2¢ US) to ₹ 5 (6.0¢ US)); total not exceeding ₹ 30 (36¢ US) per transaction, (+ GST).

  5. Structured Financial Messaging System - Wikipedia

    en.wikipedia.org/wiki/Structured_Financial...

    Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally. SFMS can be used for secure communication within the bank and ...

  6. PhonePe - Wikipedia

    en.wikipedia.org/wiki/PhonePe

    PhonePe. PhonePe is an Indian digital payments and financial services company [5] headquartered in Bengaluru, Karnataka, India. [6][7] PhonePe was founded in December 2015, [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8] The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.

  7. Bharat Bill Payment System - Wikipedia

    en.wikipedia.org/wiki/Bharat_Bill_Payment_System

    Bharat Bill Payment System. Bharat Bill Payment System (BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered members as Agent Institutions (AI), enabling multiple payment modes, and providing instant confirmation of payment. [1]

  8. National Payments Corporation of India - Wikipedia

    en.wikipedia.org/wiki/National_Payments...

    National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.

  9. Flowchart - Wikipedia

    en.wikipedia.org/wiki/Flowchart

    A simple flowchart representing a process for dealing with a non-functioning lamp. A flowchart is a type of diagram that represents a workflow or process. A flowchart can also be defined as a diagrammatic representation of an algorithm, a step-by-step approach to solving a task. The flowchart shows the steps as boxes of various kinds, and their ...

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