A payment compliance is a protocol that all companies must stick to while developing new payment portals.
NEFT, IMPS, and RTGS are some of the popular payment modes under Third Party Transfer that will help customer remit funds to a beneficiary.
With UPI adoption seeing new heights, banks are to start charging for Person-to-Person transactions that are made through UPI.
RBI has set up 21 ombudsman offices to facilitate the settlement of complaints regarding digital transactions.
The National Payments Corporation of India is a not-for-profit organization that aims to create nationwide standards for business and retail payments across India.