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2. Telegraphic transfer - Wikipedia

   en.wikipedia.org/wiki/Telegraphic_transfer

   TTB: Telegraphic Transfer Buying rate ; The middle rate is the average of the buying and selling rate, and these trade at a fixed bid–offer spread (in yen). For example, the USD is quoted with a spread of 2 JPY, so if the mid-market rate is 100 JPY = US$1, the rates are as follows: TTS: 101 JPY: bank will charge more than mid price to sell ...

3. Immediate Payment Service - Wikipedia

   en.wikipedia.org/wiki/Immediate_Payment_Service

   Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...

4. Remittances to India - Wikipedia

   en.wikipedia.org/wiki/Remittances_to_India

   In recent years many Indian Immigrants have used online money transfer services to send money from overseas to India. In recent years, many new Online and mobile companies have facilitated the transition to online remittances. Even some Indian banks have recently offered such services. [17] A 2012 study, by Reserve Bank of India revealed 30.8% ...

5. Unified Payments Interface - Wikipedia

   en.wikipedia.org/wiki/Unified_Payments_Interface

   Unified Payments Interface (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.

6. India Post Payments Bank - Wikipedia

   en.wikipedia.org/wiki/India_Post_Payments_Bank

   The bank also provides features like: Account: The bank offers savings and current accounts up to a balance of Rs. 200,000. QR Code: Customers can use QR code payments eliminating the need to remember account numbers, PINs and passwords. Unified Payments Interface; Immediate Payment Service; National Electronic Funds Transfer; Real-time gross ...

7. BHIM - Wikipedia

   en.wikipedia.org/wiki/BHIM

   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 transactions.