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BillDesk is a private company founded in 2000 that provides online payment platform for banking and merchant website transactions. It has subsidiaries such as Loylty Rewardz and Jocata, and was valued at $2.5 billion in 2021.
Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by NPCI in 2016. It facilitates inter-bank transactions on mobile devices using UPI ID or mobile number, and has over 300 million monthly active users and 12.20 billion transactions in January 2024.
Learn about the legal framework, regulation and types of payment and settlement systems in India, covered by the Payment and Settlement Systems Act of 2007. Find out how RTGS, NEFT, UPI and other methods of electronic payments work and compare their fees and timings.
Stripe, Inc. is a multinational company that offers payment-processing software and services for e-commerce and mobile applications. It is the largest private fintech company with a valuation of $65 billion and over $1 trillion in payment volume processed in 2023.
HDFC Bank is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. It offers a range of products and services, including consumer banking, commercial banking, insurance, investment banking, and wealth management.
IMPS is an instant payment inter-bank electronic funds transfer system in India, managed by NPCI. It offers 24/7 service through mobile phones and is the basis of Unified Payments Interface.
NPCI is a not-for-profit company that operates retail payments and settlement systems in India, under the provisions of the Payment and Settlement Systems Act, 2007. It offers various services such as Aadhaar Enabled Payment System, Bharat Bill Payment System, RuPay, UPI, BharatQR and more.
RuPay is a domestic payment system and card scheme launched by the National Payments Corporation of India in 2012. It aims to reduce dependence on international payment networks and offer various products such as debit, credit, prepaid and government scheme cards.