{"id":490,"date":"2025-04-24T12:41:13","date_gmt":"2025-04-24T12:41:13","guid":{"rendered":"https:\/\/sg.blog.razorpay.in\/sg\/blog\/?p=490"},"modified":"2025-05-06T09:20:49","modified_gmt":"2025-05-06T09:20:49","slug":"how-payment-processing-works-3ps-of-payment-processing","status":"publish","type":"post","link":"https:\/\/razorpay.com\/sg\/blog\/how-payment-processing-works-3ps-of-payment-processing\/","title":{"rendered":"How Payment Processing Works: 3Ps of Payment Processing"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Global e-commerce sales are forecast to reach a staggering <\/span><a href=\"https:\/\/www.shopify.com\/blog\/global-ecommerce-sales\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">$8.09 trillion by 2028<\/span><\/a><span style=\"font-weight: 400;\">, up from $5.62 trillion in 2023. As more transactions move online, understanding how digital payments work isn&#8217;t just a nice-to-have\u2014it\u2019s essential. At the heart of this transformation lies <\/span><i><span style=\"font-weight: 400;\">payment processing<\/span><\/i><span style=\"font-weight: 400;\">\u2014the behind-the-scenes system that ensures money moves securely and efficiently from a customer to a business. Whether you&#8217;re running a growing online store or a hybrid retail model, knowing what happens after a customer clicks \u201cpay now\u201d can help you make better business decisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this blog, we\u2019ll unpack the essentials of payment processing using the \u201c3Ps\u201d framework: <\/span><b>Players, Payment, and Pricing<\/b><span style=\"font-weight: 400;\">. From understanding who\u2019s involved, to how money flows, to what it really costs\u2014you\u2019ll get a clear, jargon-free view of how digital payments work, and why getting it right matters more than ever.<\/span><\/p>\n<h2><strong>What Is Payment Processing?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Payment processing is the secure system that enables customers to pay businesses using debit cards, credit cards, or digital wallets. It works behind the scenes to authorise, verify, and settle transactions\u2014ensuring money moves safely from the customer\u2019s account to the merchant\u2019s.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Singapore, where digital payments are widespread\u2014from PayNow and QR code payments to global cards and mobile wallets like Apple Pay and GrabPay\u2014payment processing plays a vital role in maintaining the speed and security users expect. It connects multiple parties, including banks, processors, and payment gateways, to make everyday transactions seamless for both consumers and businesses.<\/span><\/p>\n<h2><strong>The 3P\u2019s of Payment Processing: A Framework<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To understand how digital transactions work, it helps to break down the system into three key components: <\/span><b>Players, Payments, and Pricing<\/b><span style=\"font-weight: 400;\">\u2014or the <\/span><b>3Ps<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Players<\/b><span style=\"font-weight: 400;\"> are the businesses, customers, banks, and payment providers that make each transaction possible. In Singapore, this includes acquirers like local banks, issuing banks, and services like PayNow or GrabPay that are deeply integrated into the national payment ecosystem.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payments<\/b><span style=\"font-weight: 400;\"> refer to the process that securely moves money from the customer to the merchant, including steps like authorisation and settlement. Singapore\u2019s real-time infrastructure and regulations (like MAS&#8217;s e-payment guidelines) support fast, secure transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pricing<\/b><span style=\"font-weight: 400;\"> covers the fees charged by different parties\u2014banks, card networks, processors\u2014that are part of every sale, often structured as flat-rate, interchange-plus, or tiered pricing.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the next sections, we\u2019ll explore each of these \u201cPs\u201d in detail to help you understand how payment processing works end-to-end in Singapore\u2019s digital-first landscape.<\/span><\/p>\n<h2><strong>The First P: Players<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding the key players in the payment ecosystem helps demystify how digital payments flow. Here&#8217;s a simple breakdown of each participant involved:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Customer<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">The person making the payment using a card, wallet, or direct bank transfer. Their bank, known as the <\/span><i><span style=\"font-weight: 400;\">issuing bank<\/span><\/i><span style=\"font-weight: 400;\">, provides them with the payment instrument (like a credit card).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Merchant<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">You\u2014the business owner\u2014who sells goods or services and accepts digital payments. You need a <\/span><i><span style=\"font-weight: 400;\">merchant account<\/span><\/i><span style=\"font-weight: 400;\"> to receive funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payment Gateway<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">A secure bridge that captures and encrypts customer payment details, and passes them on for processing. Examples include Stripe, Razorpay, and locally, PayNow and NETS.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payment Processor<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">The tech provider that routes transactions between all involved parties. They communicate with banks, send approvals, and manage statements. Often, a <\/span><i><span style=\"font-weight: 400;\">merchant bank<\/span><\/i><span style=\"font-weight: 400;\"> also acts as a processor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Acquiring Bank (Merchant Bank)<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">The bank that manages your merchant account, accepts payments on your behalf, and deposits funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Issuing Bank<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">The customer\u2019s bank that issued their card and approves or declines payment requests.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Card Networks<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Visa, Mastercard, and others that provide the rails for card payments. They set rules and facilitate communication between banks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Local Authorities and Infrastructure<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">In Singapore, the Monetary Authority of Singapore (MAS), along with services like PayNow, NETS, and local banks, play an essential role in regulating and enabling secure transactions.<\/span><\/li>\n<\/ul>\n<h2><strong>The Second P: Payments<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Once a customer clicks \u201cPay,\u201d here\u2019s what happens behind the scenes:<\/span><\/p>\n<h4><b>Step 1: Payment Initiation<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The customer enters their card, UPI, or wallet information at checkout.<\/span><\/p>\n<h4><b>Step 2: Encryption and Transmission<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The payment gateway encrypts this data and sends it to the payment processor.<\/span><\/p>\n<h4><b>Step 3: Authorization<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The processor asks the issuing bank if the customer has enough funds or credit. The issuing bank approves or denies the transaction.<\/span><\/p>\n<h4><b>Step 4: Response to Merchant<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The payment processor informs you (the merchant) whether the transaction is approved. If yes, it alerts your acquiring bank to expect the funds.<\/span><\/p>\n<h4><b>Step 5: Settlement<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The issuing bank sends the funds to your acquiring bank, which deposits them into your merchant account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While authorization happens within seconds, settlement might take 1\u20132 days. Some banks may credit your account faster but hold a small reserve in case of refunds or disputes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This flow holds true whether your customer is paying with credit\/debit cards, UPI, net banking, or a digital wallet.<\/span><\/p>\n<h2><strong>The Third P: Pricing<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Every digital transaction comes with a cost. Here\u2019s a quick look at the main fee components:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interchange Fee<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Paid to the issuing bank. It\u2019s a percentage of each sale and varies by card type, industry, and transaction size.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Assessment Fee<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Charged by the card network (Visa, Mastercard, etc.). Another small percentage of the transaction.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Payment Processor Markup<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Charged by your processor or acquiring bank. It can include per-transaction fees, monthly charges, and setup costs.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These fees are often bundled into different pricing models:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Flat-Rate Pricing<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">One fixed rate for all transactions (e.g., 2.9% + $0.30), regardless of card type or transaction details.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interchange Plus<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">A transparent model that adds a fixed markup on top of the actual interchange (e.g., 1.8% + 0.1% markup = 1.9%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tiered Pricing<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Interchange fees are grouped into categories\u2014qualified, mid-qualified, and non-qualified. Simpler to understand, but less transparent and often more expensive.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">By understanding how fees work, you can better evaluate payment partners and optimize your margins as your business grows.<\/span><\/p>\n<h2><strong>Special Considerations for Payment Processing in Singapore<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Singapore\u2019s payment ecosystem is shaped by robust regulation, widespread digital adoption, and strong support for local payment methods. Businesses operating here must align with these unique dynamics to ensure customer trust and seamless transactions.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment Services Act: Regulated by MAS, this act ensures the security and innovation of digital payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PayNow &amp; SGQR: Widely adopted for real-time transfers and QR payments, these systems simplify transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Local Trust: Supporting familiar methods like NETS and PayNow can significantly boost conversion and confidence.<\/span><\/li>\n<\/ul>\n<h2><strong>Why Is Payment Processing Important For Business?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">A reliable payment processing system is more than just a transaction tool\u2014it\u2019s a critical enabler of smooth business operations and long-term growth. From managing cash flow to delivering seamless customer experiences, here\u2019s why businesses prioritise efficient payment solutions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Faster transactions<\/b><span style=\"font-weight: 400;\"> streamline revenue collection and improve liquidity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhanced customer experience<\/b><span style=\"font-weight: 400;\"> through convenient, preferred payment options fosters trust and satisfaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Robust security features<\/b><span style=\"font-weight: 400;\"> protect sensitive data and reduce fraud risks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Support for diverse payment methods<\/b><span style=\"font-weight: 400;\"> helps businesses stay competitive and relevant in a digital-first world.<\/span><\/li>\n<\/ul>\n<h2><strong>How Does Payment Processing Work?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Payment processing may seem instantaneous to the customer, but it involves a series of carefully coordinated steps behind the scenes. Here\u2019s a step-by-step guide to how it works:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transaction Initiation: <\/b><span style=\"font-weight: 400;\">The process begins when a customer initiates a payment by swiping a card, tapping a phone, or checking out online. They submit their payment details using a POS terminal, mobile app, or website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Data Transmission via Payment Gateway: <\/b><span style=\"font-weight: 400;\">The payment details are securely transmitted to a <\/span><b>payment gateway<\/b><span style=\"font-weight: 400;\">, which encrypts the information and forwards it to the <\/span><b>payment processor<\/b><span style=\"font-weight: 400;\"> or <\/span><b>acquiring bank<\/b><span style=\"font-weight: 400;\">. The gateway ensures the transaction data is protected during this stage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transaction Authorisation: <\/b><span style=\"font-weight: 400;\">The payment processor checks the validity of the transaction and passes it to the acquiring bank. From there, it\u2019s routed through the <\/span><b>card network<\/b><span style=\"font-weight: 400;\"> (like Visa or Mastercard) to the <\/span><b>issuing bank<\/b><span style=\"font-weight: 400;\"> (the customer\u2019s bank).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Issuing Bank Review: <\/b><span style=\"font-weight: 400;\">The issuing bank verifies the cardholder\u2019s details, checks for sufficient funds or credit, and performs fraud checks. It then approves or declines the transaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Authorisation Response: <\/b><span style=\"font-weight: 400;\">The authorisation decision (approval or decline) travels back the same path\u2014from the issuing bank to the card network, then to the acquiring bank, processor, gateway, and finally to the merchant\u2019s checkout system.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transaction Completion: <\/b><span style=\"font-weight: 400;\">If approved, the business finalizes the sale and provides the goods or services. If declined, the customer is prompted to try another payment method.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Settlement Process: <\/b><span style=\"font-weight: 400;\">At the end of the day, approved transactions are grouped into batches and submitted for settlement. The acquiring bank requests the corresponding funds from the issuing bank via the card network.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Funds Transfer:<\/b> <span style=\"font-weight: 400;\">The issuing bank transfers the money to the acquiring bank, which then deposits the funds into the merchant\u2019s account, usually within a few business days.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reconciliation and Reporting: <\/b><span style=\"font-weight: 400;\">The business reconciles these deposits with its sales records and accounts for any fees charged during the process. Transaction reports and receipts are generated for both the business and the customer.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This multi-step process ensures that payments are handled securely, efficiently, and transparently for all parties involved.<\/span><\/p>\n<h2 class=\"mb-xs mt-5 text-base font-[525] first:mt-0\"><strong>How Razorpay Helps in Payment Processing?<\/strong><\/h2>\n<p class=\"my-0\">Razorpay is a leading <strong><a href=\"https:\/\/razorpay.com\/sg\/payment-gateway\/\">payment gateway<\/a><\/strong> and processor that streamlines the entire payment lifecycle for businesses in Singapore and beyond. Here\u2019s how Razorpay enhances payment processing at every step:<\/p>\n<h3 class=\"my-0\"><strong>1. Seamless Integration and Onboarding<\/strong><\/h3>\n<p class=\"my-0\">Razorpay offers quick, developer-friendly integration with robust APIs, plugins, and libraries, allowing businesses to start accepting payments on their website or app within minutes<span class=\"whitespace-nowrap\">.<\/span>\u00a0The onboarding process is fully online, reducing setup time and complexity.<\/p>\n<h3 class=\"my-0\"><strong>2. Accept All Payment Methods<\/strong><\/h3>\n<p class=\"my-0\">With Razorpay, businesses can accept a wide range of payment options-including credit and debit cards, PayNow, e-wallets, and even international cards-catering to the diverse preferences of customers in Singapore\u2019s digital-first economy<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<h3 class=\"my-0\"><strong>3. Secure Transactions and Data Protection<\/strong><\/h3>\n<p class=\"my-0\">Razorpay is PCI DSS Level 1 compliant and employs advanced encryption and fraud detection tools to protect sensitive payment data at every stage<span class=\"whitespace-nowrap\">.<\/span>\u00a0This ensures transactions are secure, building customer trust and reducing the risk of fraud.<\/p>\n<h3 class=\"my-0\"><strong>4. Streamlined Payment Flow<\/strong><\/h3>\n<p class=\"my-0\">The Razorpay payment gateway manages the entire payment flow-from order creation and customer checkout to bank authentication and settlement<span class=\"whitespace-nowrap\">.<\/span>\u00a0Payment details are encrypted and securely transmitted, and real-time authentication with banks ensures fast, reliable approvals.<\/p>\n<h3 class=\"my-0\"><strong>5. Global and Local Reach<\/strong><\/h3>\n<p class=\"my-0\">Razorpay supports multi-currency payments and integrates with local systems like PayNow and SGQR, making it easy for Singaporean businesses to serve both domestic and international customers<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<h3 class=\"my-0\"><strong>6. Customer Support and Scalability<\/strong><\/h3>\n<p class=\"my-0\">With dedicated customer support and a scalable infrastructure, Razorpay ensures smooth payment experiences as your business grows<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<p class=\"my-0\">By handling everything from secure data capture and fraud checks to settlement and analytics, Razorpay empowers businesses to deliver seamless, efficient, and secure payment processing-helping them thrive in Singapore\u2019s rapidly evolving digital landscape<span class=\"whitespace-nowrap\">.<\/span><\/p>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding how payment processing works\u2014and mastering the 3Ps of Players, Process, and Pricing\u2014is key to making smarter, more informed business decisions. It helps you choose the right partners, understand your costs, and deliver secure, seamless payment experiences to customers. In a fast-evolving digital economy like Singapore\u2019s, selecting the right systems isn\u2019t just about convenience\u2014it\u2019s a competitive edge. The more you know about what happens behind the scenes, the better prepared you are to grow confidently and sustainably.<\/span><\/p>\n<h2><strong>FAQs<\/strong><\/h2>\n<h3><b>What is the payment process procedure?<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The payment process begins when a customer enters their payment details at checkout. The information is encrypted and passed through a payment gateway to a processor, which seeks approval from the customer\u2019s bank. If approved, the funds are settled and transferred to the merchant\u2019s account within a few days.<\/span><\/p>\n<h3><b>What is the payment processing phase?<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Payment processing involves multiple phases: initiating the transaction, securing and transmitting payment data, authorising the transaction through banks and card networks, and finally, settling the funds into the merchant\u2019s account. Each step ensures security, speed, and accuracy.<\/span><\/p>\n<h3><b>Which is the most important component among the 3P\u2019s?<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">All three Ps\u2014Players, Payment, and Pricing\u2014work together to ensure successful transactions. However, understanding <\/span><b>Payments<\/b><span style=\"font-weight: 400;\">, the process that moves money securely and efficiently, is often the most critical for maintaining trust and ensuring timely cash flow.<\/span><\/p>\n<h3><b>Is payment processing secure?<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, modern payment systems use encryption, tokenisation, and regulatory safeguards to protect sensitive data. In Singapore, payment services are regulated by MAS under the Payment Services Act, ensuring a high standard of security and trust.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global e-commerce sales are forecast to reach a staggering $8.09 trillion by 2028, up from $5.62 trillion in 2023. As more transactions move online, understanding how digital payments work isn&#8217;t just a nice-to-have\u2014it\u2019s essential. At the heart of this transformation lies payment processing\u2014the behind-the-scenes system that ensures money moves securely and efficiently from a customer [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payments"],"_links":{"self":[{"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/posts\/490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/comments?post=490"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/posts\/490\/revisions"}],"predecessor-version":[{"id":494,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/posts\/490\/revisions\/494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/media\/506"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/media?parent=490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/categories?post=490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/sg\/blog\/wp-json\/wp\/v2\/tags?post=490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}