Offline UPI Payment – How To Make UPI Payment Without Internet?
Razorpay Blog
by Chidananda
3d ago
Offline UPI transactions provide a solution for conducting digital transactions even in areas with poor network coverage. This service, based on the USSD code *99#, lets you perform various mobile banking transactions without an active Internet connection. You can transfer money, request funds, change your UPI PIN, and check your account balance anytime and anywhere. Let’s learn more about this UPI payment gateway method. What is the Offline UPI Payment Number? The UPI offline payment number is *99#. It authorises you to access UPI services without Internet connectivity. It is a nationwide ser ..read more
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Contactless Payment: Meaning, History, How it Works and Benefits
Razorpay Blog
by Chidananda
4d ago
Contactless payment is a secure and convenient method of making payments without physical contact between the payment device (such as a debit or credit card) and the payment terminal. This technology lets you make payments by simply waving your cards or mobile device over a contactless-enabled reader. The transaction is completed swiftly and securely via near-field communication (NFC) or radio frequency identification (RFID). Contactless payments offer advantages such as improved checkout speed and frictionless checkout innovation. This article explores what is a contactless transaction, how i ..read more
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Razorpay’s omni-channel payments partnership: Announcing the Razorpay-Odoo integration
Razorpay Blog
by Chidananda
4d ago
Today’s businesses rely on a complex ecosystem of technologies. While essential, managing separate business management software tools for various functions can be inefficient and frustrating. This is where popular open-source ERPs like Odoo make a difference. Odoo offers a suite of tools – for CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management and more – on one single platform.  But despite Odoo’s efficiency, one area remained a challenge –  payments. Businesses had to switch between multiple dashboards for payments coming from different sources and re ..read more
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What Is Subscription Business Model and How Does It Work?
Razorpay Blog
by Shubhi Ahluwalia
1w ago
The subscription economy has еxpandеd significantly in recent years. Initially tiеd to daily nеwspapеrs and wееkly magazinеs, subscriptions have now evolved into a vеrsatilе and widеly adopted businеss strategy. Various industries, including softwarе, еdtеch, non-profits, е-commеrcе, and mеdia and publishing now lеvеragе subscriptions to scalе their operations and providе recurring products or services.  Some examples of successful businesses that have employed this model are: Nеtflix: This streaming sеrvicе offers unlimited access to moviеs and TV shows for a monthly fее. Dollar Shavе C ..read more
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What is E-rupee or Digital Rupee? Meaning and How to Start Using E-rupee?
Razorpay Blog
by Chidananda
1w ago
E-rupee is a digital form of the Indian rupee, introduced by the Reserve Bank of India (RBI). It aims to revolutionise the way transactions are conducted in India, making them faster, more secure and convenient. E-rupee was launched to promote digital payments and reduce dependence on physical currency. To use e-rupee, you need a digital payment system that supports it. This can be a mobile wallet app or a payment gateway integrated into your website or app. Let’s understand e-rupee in detail. What is E-rupee? Simply put, the retail e-rupee – or the Central Bank Digital Currency-retail (CBDC-R ..read more
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Razorpay’s first omni-channel payments partnership: Announcing the Razorpay-Odoo integration
Razorpay Blog
by Chidananda
1w ago
Today’s businesses rely on a complex ecosystem of technologies. While essential, managing separate business management software tools for various functions can be inefficient and frustrating. This is where popular open-source ERPs like Odoo make a difference. Odoo offers a suite of tools – for CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management and more – on one single platform.  But despite Odoo’s efficiency, one area remained a challenge –  payments. Businesses had to switch between multiple dashboards for payments coming from different sources and re ..read more
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What are E-commerce Payment Systems and their Types?
Razorpay Blog
by Ashmita Roy
1w ago
If you have established an e-commerce business, you must be aware of your customer’s expectations of a fast and easy-to-use checkout process. With the advancement of technology and growing competition in the market, every e-commerce business is trying to provide its customers with a smooth checkout process.   Are you wondering how to stay competitive and improve your customers’ shopping experience? Don’t fret! You can easily make your customers happy by offering various online payment options. In this article, we’ll provide you with a complete list of e-payment systems in e-commerce ..read more
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What is Recurring Billing? – Types, Advantages, and Examples
Razorpay Blog
by Chidananda
1w ago
Recurring billing is a fundamental financial model that facilitates the automatic and periodic collection of payments for products or services, typically through subscriptions. This essential strategy offers predictability, convenience, and sustained revenue streams, making it a pivotal tool for businesses across various industries. The recurring billing process begins with customer authorisation, followed by the automated processing of payments at regular intervals, such as monthly or annually. How Does Recurring Billing Work?  Recurring billing systems for subscription-based products or ..read more
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IMPS vs NEFT: Difference Between IMPS and NEFT Fund Transfer
Razorpay Blog
by Chidananda
1w ago
Electronic Fund Transfer (EFT) is a method of transferring money from one bank account to another without using physical cash or cheques. There are different types of EFT methods available in India, such as IMPS, NEFT, RTGS, UPI, etc. IMPS and NEFT are two of the most commonly used EFT methods for online transactions. In this article, we will compare IMPS vs NEFT in terms of their features, benefits, and more. What is IMPS (Immediate Payment Service)? IMPS is a system that allows online money transfers between different banks using mobile devices, Internet banking and ATMs. It is available 24 ..read more
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What is Payment Processing? How It Works and Its Advantages
Razorpay Blog
by Chidananda
1w ago
Payment processing is the backbone of financial transactions in today’s digital world. Understanding its fundamentals is essential for businesses and consumers alike. A seamless payment solution hinges on this knowledge, ensuring a secure and efficient exchange of funds for goods and services. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. What is Payment Processing? Payment processing meaning refers to the series of actions triggered by businesses durin ..read more
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