PERSONAL FINANCE
What Is Contactless Payment? Tap-to-Pay Explained
Contactless payment is a method of making a transaction by simply tapping or holding a card, phone, or smartwatch near a payment…
Personal Finance
PERSONAL FINANCE
What Is Digital Payment? The Shift Away From Cash
Digital payment refers to any transaction where money is transferred electronically rather than through physical cash — covering everything from a UPI…
PERSONAL FINANCE
What Is a Digital Wallet? Storing Money and Cards on Your Phone
A digital wallet is an app or digital service that stores payment information — money loaded directly into the wallet, linked debit…
PERSONAL FINANCE
What Is IMPS? Instant Transfers Around the Clock
IMPS, or Immediate Payment Service, is an instant, 24×7 electronic fund transfer system in India, developed by the National Payments Corporation of…
PERSONAL FINANCE
What Is RTGS? Real-Time Settlement for High-Value Transfers
RTGS, or Real Time Gross Settlement, is a bank transfer system in India designed specifically for high-value transactions, where each transfer is…
PERSONAL FINANCE
What Is NEFT? Timings, Charges and How It Compares With IMPS, RTGS and UPI
A contractor sends you his account number and IFSC code on WhatsApp and wants ₹4.5 lakh for the work. UPI will not…
PERSONAL FINANCE
What Is UPI? How It Works, Limits and What to Do When a Payment Fails
You scan a QR code at a chai stall, tap in your PIN, and about three seconds later the money has left…
PERSONAL FINANCE
What Is a Virtual Card? A Safer Way to Pay Online
Say you're buying a ₹2,499 course from a website you've never used before. Instead of typing in your actual debit card number,…
PERSONAL FINANCE
What Is a Debit Card? How It Works and How to Use It Safely
A debit card is a payment card linked directly to a bank account, allowing the holder to make purchases or withdraw cash,…
PERSONAL FINANCE
What Is a Prepaid Card? How It Differs From Debit and Credit Cards
A prepaid card is a payment card loaded with a specific amount of money in advance, which can then be spent until…