What are Prepaid Payment Instruments (PPIs)?
PPIs are financial tools like mobile wallets (e.g., PhonePe Wallet), gift cards, or smart cards that allow customers to load money in advance and...
What is an Escrow Account?
An escrow account is a special types of bank account which are used to keep money safe during a deal between two parties. The...
What is the Positive Pay System?
It’s a safety check for cheques, especially big ones. If customer is writing a cheque above ₹50,000, banks recommend to use it. For cheques...
What are Fino Payment Banks? How are they different?
Fino Payment Banks are Digital Banking Partners that cater to the financial needs of consumers, primarily in the villages and cities, through multiple services...