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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
An MMID is a seven-digit number given to a customer upon registration with a bank for the service. In the seven digits of the MMID are four digits used to identify the bank of the user and three digits used to identify the account of the user. A mobile number and a MMID will uniquely identify a customer's account with the respective bank.
A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
Swedish payments company Trustly also enables mobile bank transfers, but is used mainly for business-to-consumer transactions that occur solely online. If an e-tailer integrates with Trustly, its customers can pay directly from their bank account. Unlike Swish, users don't need to register a Trustly account or download software to pay with it.
A rechargeable calling card or a recharge card is a type of telephone card that the user can "recharge" or "top up" by adding money when the balance gets below a nominated amount. In reality, the rechargeable calling card is a specialised form of a prepaid or debit account.
Freecharge is building an advertising platform that will capture online and offline purchase behavior and brand preferences of consumers, by offering incentives and discount coupons to users to transact on its platform. [14] On 8 April 2015, Indian e-commerce firm Snapdeal acquired Freecharge for ₹2800 crore (US$400 million) in cash and stock ...
Mobily (Arabic: موبايلي) is a Saudi Arabian telecommunications services company that offers fixed line, mobile telephony, and Internet services The company was established in 2004, and, in the summer of that year, won the bid for Saudi Arabia's second GSM licence.
On January 2, 2024, Bank of Baroda announced the introduction of the NCMC RuPay Reloadable Prepaid Card. [24] On February 5, 2024, Federal Bank introduced dual-interface RuPay Debit cards with NCMC integration. For NCMC usage, the maximum top-up limit for the card balance is ₹2,000.