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Payment gateways do not typically pay banks anything. Instead, payment gateways act as intermediaries that facilitate the transfer of payment information between customers, merchants, and banks for processing transactions securely. The primary role of a payment gateway is to collect customer payment details and transmit them to the merchant's acquiring bank for authorization and processing, without involving direct payments to banks
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Free Payments for Us Big Losses for Them The UPI Puzzle UPI has become a daily part of life in India People use it everywhere from paying at a tea stall to buying groceries to transferring money to friends In July 2025 more than 15 billion transacti
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Top News of the Day: 1. BigBasket has partnered with Tanishq to offer gold and silver coins to customers for the festive season. 2. Singapore-based startup Zinc, founded by Prashanth Ranganathan, has raised $25.5 million in seed funding. 3. Forme
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How Square Revolutionized POS Payments! So it all started in 2009 when Jack Dorsey's friend, Jim McKelvey, was unable to complete a $2,000 sale because the store didnโt accept credit cards. Jack realized that credit card machines were too expensi
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Top News of the Day: 1. PayU, a fintech firm backed by Naspers, plans to expand its consumer vertical using the LazyPay mobile app. 2. Intel CEO Pat Gelsinger is set to present a plan to the company's board of directors for restructuring and cost-c
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