Glossary

Discover expert insights and detailed guides about glossary terms for UPI Analyzer.

UPI Autopay - Recurring Payment Mandate

UPI Autopay explained: recurring payments, mandate setup, automatic billing, subscription management, and scheduled transactions.

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BHIM App - Bharat Interface for Money

BHIM app explained: Bharat Interface for Money, NPCI official app, UPI payments, and government digital payment initiative.

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Digital Wallet - Mobile Payment App

Digital wallet explained: mobile payment apps, stored value, prepaid instruments, and cashless transaction platforms.

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IMPS - Immediate Payment Service

IMPS explained: Immediate Payment Service, instant bank transfers, 24x7 availability, and real-time money transfer system.

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KYC - Know Your Customer

KYC explained: Know Your Customer, identity verification, regulatory compliance, and customer due diligence process.

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MDR - Merchant Discount Rate

MDR explained: Merchant Discount Rate, transaction fees, payment processing charges, and merchant cost structure.

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Merchant Payment - Business UPI Transactions

Merchant payment explained: business transactions, QR codes, payment acceptance, merchant category codes, and commercial UPI usage.

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NEFT - National Electronic Funds Transfer

NEFT explained: National Electronic Funds Transfer, batch processing, settlement cycles, and traditional bank transfer system.

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NPCI - National Payments Corporation

NPCI explained: National Payments Corporation of India, UPI infrastructure, payment systems, and digital transaction backbone.

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Payment Gateway - Online Payment Processing

Payment gateway explained: online payment processing, merchant integration, transaction routing, and secure payment infrastructure.

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QR Code Payment - Scan and Pay

QR code payment explained: quick response codes, scan and pay, static vs dynamic QR, and contactless payment technology.

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UPI Refund - Transaction Reversal Process

UPI refund explained: transaction reversal, refund timeline, failed payment recovery, and dispute resolution process.

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RTGS - Real Time Gross Settlement

RTGS explained: Real Time Gross Settlement, high-value transfers, instant settlement, and large payment processing system.

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Two-Factor Authentication - 2FA Security

Two-factor authentication explained: 2FA security, multi-layer verification, OTP, biometric authentication, and enhanced payment security.

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UPI PIN - Payment Security Code

UPI PIN explained: 4-6 digit security code, transaction authentication, PIN setup, and secure payment authorization.

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UPI Transaction - Payment Processing Explained

UPI transaction explained: instant payment processing, virtual payment address, real-time settlement, and secure digital money transfer.

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VPA (Virtual Payment Address) - UPI ID Explained

VPA explained: virtual payment address, UPI ID format, unique identifier, and secure payment addressing system.

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