BANKING AFFAIRS

Detailed explanation-1: -Bank of Baroda provides a facility, to receive payment online from any debit/credit card, UPI (VPA & QR code), wallet, net banking (through aggregator) of more than 34+ banks, called ‘Baroda e-Gateway’ (Internet Payment Gateway), which is a safe, secure, and trusted payment solution for e-Commerce/online business.

Detailed explanation-2: -The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid. Bank of Baroda’s Pan India network of branches means convenience for depositing your receivables – cheque, cash and electronic.

Detailed explanation-3: -PayPoint India has entered into a partnership with Bank of Baroda, enabling the bank to further expand its network by utilising PayPoint’s customer service points to a reach out to a larger pool of customers and achieve a bigger geographical spread.

Detailed explanation-4: -The internet payment gateway is the infrastructure that allows an organizations to accept credit card/ Debit card/ e-Banking/ IMPS etc payments over their web portals/websites. A payment process in IPG is a transaction between the users and organizations, with transfer of funds in between following accounts.