A Brief History of Electronic Money

Electronic money is a recent invention which means that currency with real value can be exchanged for traditional cash; it is instead entirely virtual or digital. It is a new invention in the history of money and commerce. Electronic money only exists in digital format and is primarily based on the internet or smart cards that have a record of their stored value. The transactions which are electronically done are known as electronic money. Similar names for electronic money are electronic cash, e-money, digital money, digital currency or digital cash.

The computer age has made the creation of money possible. It […]

Key Points to Know Before Integrating Payment Gateway in Your App

The world of mobile shopping is progressing fast, with people willing to digitise almost everything they do. Considering all these latest tech-driven facilities including car rentals, taxi rides, Wi-Fi access, accommodation or simpler things like food and clothes, mobile payments have become an inevitable part of human lives.

Integrating a well-built payment gateway in mobile apps is one of the most intimidating tasks for both developers and online merchants. Proper mobile payment integration is very crucial for offering an easy and convenient way of making payments to the buyers. Often, shoppers end up in changing their mind because of facing problems […]

What is IMPS

The IMPS (Immediate Payment Service) helps you access your bank account and transfer funds instantly and securely. You can send money using Netbanking on an internet-powered laptop or PC. We enable you to transfer funds from your bank account to any bank account in India. The beneficiary account is credited immediately when a fund transfer request is made from your side.

This service is available 24×7, throughout the year including Sundays and any bank holiday.


The list of participating banks using the Account number and IFSC.

A P Mahesh Co-op. Urban Bank Ltd.
Kalupur Commercial Co-op Bank Ltd.
State Bank of Patiala

Allahabad Bank
Kalyan Janata Sahakari […]


What is RTGS?


The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time.’Gross Settlement’ means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds’ settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

The RTGS system is primarily meant for large value transactions. The minimum amount […]

What is Baroda mPassbook

Baroda mPassbook is a mobile version of the traditional bank passbook. This app, like any traditional bank passbook, provides all the information related to the customer bank accounts (All Savings, Current, OD, Deposits, CC and Loan account details linked with the registered mobile number).

This app also provides the customer an option to download the account statement, Locate the ATM within the customer’s 10km vicinity, Tag the transactions and save it for future references, Option to choose the app language from available 8 languages , Search the transactions based on date, amount or tag and Expense Manager for tracking down the […]

BHIM Baroda Pay

Bank of Baroda presents BHIM Baroda Pay – A Unified Payments Interface (UPI) application that lets you transfer funds from any bank account using a Virtual Payment Address (VPA). No need to remember beneficiary details like account number, IFSC, Mobile Number, MMID etc. Send or Collect money using a Virtual Payment Address.

A Virtual Payment Address (VPA) is a unique identifier that you set and link to your bank account. (Example: yourname@barodampay )

Once linked, just quote your VPA instead of account number and IFSC to make or receive payments.

Unified Payments Interface (UPI) is payment system by NPCI that allows transfer of […]

Sell PDF Files Online – Selling Documents and Downloads With PayPal

Selling PDF files/documents on the internet through PayPal:

“I want to start selling PDF files online but I don’t know where to begin.”

“I don’t want to have to keep paying someone else to continue selling PDF files for me.”

“What do I need to do to start selling PDF files from my website?”

Do you have questions like these concerning PDFs? Have these questions and thoughts been roaming through your mind for quite some time?

If so, consider yourself lucky for coming across this article. I’ll tell you what you need to do to begin selling PDF files (or any other file for that […]

Free E-Commerce Website Using Google Sites and PayPal

I started off with the goal of making a website that has no on going costs, minimal transaction fees and low maintenance. The choice of having all features integrated into the one website? or do I manage the website and let a third party do the financial transactions? security is a key to answering this question, a third party will be my option. Firstly I did allot of research into free web hosting solutions, benefits, security and 100% uptime. The list got down to a few, I tested them and decided on Google sites which ticked all the boxes. The […]

Fixed or Floating? Which is the Better Option?

Whether to choose a fixed rate home loan, which allows you to plan your budget clearly, or to choose a floating rate of interest that provides the benefits of decreased interest rate, is a question that perplexes every home loan seeker.

Types of fixed interest loans

There are two kinds of fixed rate loans: one that remains constant throughout the loan period, and one that is subject to review periodically. Usually, the interest charged is higher in the former than in the latter. For instance, a permanently fixed rate loan may cost you 14 percent interest, whereas a loan with a rate […]

Is It Worth Jumping Over the Demonetisation Facts

After the incident of the prohibition of the currency of 500 and 1000 Rupees as on 8th November 2016, there has been too much chaos among the general public, among ruling and opposition parties, between the general public and banking staff and authorities. There are varying opinions from the every section of the society. Some of them are as follows:

The government of India: Demonetisation was the much-needed action in order to curb the black money from the society, for the abolition of corruption from the system, to stop the terrorist funding, to kill the problem of counterfeit currencies. These were […]

BHIM App – Five Things to Know About It

BHIM app is recently launched money transfer app. People are curious to know about it. Let’s have some facts about this app:

BHIM stands for BHarat Interface for Money. It is the redefined version of Unified Payment Interface (UPI). It also supports USSD feature. Means it will also work without internet.
BHIM will support normal phones as well as smartphones. Upcoming version will also support thumb impression to make payment.

At the moment it is available on Google Play Store, hence, only Android users can use it. Soon it will be made available to iOS and Windows Phone users too.
In order to use […]