Vendor Payments: Meaning, Things to Know, and Procedure
In India, the vendor payments industry is undergoing a massive transformation. In business, paper invoices are being phased out in favor of complete vendor payment automation. Meanwhile, many market participants…
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Decoding KYC Requirements For Payment Facilitators
In today’s digital age, payment facilitators facilitate seamless financial transactions. However, to ensure transparency, security, and regulation compliance, payment facilitators in India must adhere to Know Your Customer (KYC) requirements. …
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What is the Importance of POS System for the Hospitality Industry: A Complete Analysis
The Point of Sale (POS) system plays a crucial role in the hospitality industry. They became so powerful that they could manage the entire stock and inventory. It can also…
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Blockchain Payment Systems: The Future of Secure and Transparent Transactions
Next to digital wallets, blockchain payment systems are quickly emerging as the future of secure and transparent transactions. These innovative payment systems use blockchain technology to provide a decentralized and…
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IMPS vs NEFT: A Side-by-Side Comparison
India has witnessed a significant shift from cash-based transactions to digital payment methods in recent years. Electronic fund transfer methods have played a crucial role in this transition, making it…
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