QR code payment is a contactless payment method where a payment is performed by scanning a QR code from a mobile app. ... To use a QR code payment the consumers scans the QR code displayed by the merchant with their phones to pay for their goods. They enter the amount they have to pay and finally submit.
Generate virtual accounts on demand and accept payments via NEFT, RTGS and IMPS. Get notified for each incoming payment and automate the tedious reconciliation process.
The money, received by the BC agent , is transfer processed by the Bank using National Electronic Fund Transfer (NEFT) and Immediate Payment service (IMPS) technology.
The API based eMandate authorizes customers to provide eMandate acceptance using their Netbanking credentials. The service is also referred to as eMandate through Netbanking. How Does eMandate Through Netbanking
Real time payments – also known as realtime payments , instant payments or immediate payments– are defined by the Euro Retail Payments Board (ERPB) as electronic retail payment solutions that are available 24/7/365. They result in the realtime, immediate or close-to-immediate interbank clearing of the transaction and crediting of the payee’s account with confirmation to the payer (within seconds of payment initiation).
A virtual account is an account created and assigned to each of your paying customer, for example, a main distributor or buyer, so that your company will be able to differentiate each payment from the payment source.