How does Payment Gateway work in India?
If you’re an online business owner and set up your items to be displayed on the internet, choosing the right Payment Gateway is crucial. When the products purchased have been added to an online shopping cart, the buyer can then checkout. This is where the function of the Payment Gateway comes into play. It allows […]
A Brief Overview on Merchant Category Code
The Merchant Category Code (MCC) classifies a company’s category. Payment systems use merchant category codes to distinguish and categorize retailers and companies based on the services/goods that they sell. For example, retail stores use one code, while booking sites will use another. The standard ISO 18245 defines the professional business code. Thes
A Brief Overview of UPI Payments
India has taken an important step toward creating an economic system that is cash-free through the introduction of the Unified Payment Interface (UPI). The new payment system allows users to use their smartphones as online debit cards. It also makes the transfer and receipt of money instantly. The QR code concept eliminates the need for […]