Digital payment definition

Digital payment means a payment made with a payment card or by a direct debit transaction, processed by a digital dispatch service in a manner that complies with § 801. A digital payment is not a cashless payment
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Digital payment means payment through a dispatcher’s digital platform;
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Digital payment means a payment that is transferred to a recipient’s individual transactional account and withdrawn through an electronic instrument (e.g., debit cards, mobile phones, national identification cards, etc.) using enhanced authentication measures (e.g., personal identification number, fingerprints, finger veins, etc.).
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Examples of Digital payment in a sentence

  • This is done at the provincial level and electronic files are transferred to the main office for validation and processing.

  • We accept the following payment methods:• Credit or debit cards• Digital payment (eg.

  • In case of non-submission of Performance security in the form of Bank Guarantee (PG) issued by a Nationalized/scheduled Bank or through Digital payment mode (RTGS/ NEFT), same will be deducted from the payment.

  • Digital payment options will develop alongside rather than in place of cash to ensure that no-one is left behind.The portability of individual and business data generated online and through platforms and the incorporation of this into lending decisions will make the flow of finance more efficient, fair and accessible.Accessing big data and using AI and machine learning technologywill make finance innovative, effective and inclusive.

  • Digital payment platforms are becoming advanced IT systems, which can offer APIs to third parties.

  • Digital payment system has gained importance nowadays, especially after demonetization.

  • Digital payment ecosystems could be expanded so MSMEs can more quickly pay for business inputs needed.

  • Digital payment (online account-to-account) services offered by commercial banks are cheaper than cash-to-cash.

  • Digital payment platforms are multi-sided and layered modular artifacts (Rochet et al.

  • Digital payment platforms have revolutionized the financial services sector in India.


More Definitions of Digital payment

Digital payment means a payment which is transferred to a recipient’s account using the BEFTN and/or withdrawn through an electronic instrument (e.g. debit cards, mobile phones, national identification cards, etc.) using secure authentication (e.g. personal identification number, fingerprints, fingerveins, etc.).
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Digital payment means the form of payment made through an electronic payment instrument such as eWallet, QR, Bank Transfer, or Cards;
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Digital payment means a payment which is transferred to a recipient’s individual transactional account using the BEFTN and/or withdrawn through an electronic instrument (e.g. debit cards, mobile phones, national identification cards, etc.) using enhanced authentication measures (e.g. personal identification number, fingerprints, fingerveins, etc.). (PDO Result Indicators P.03 and P.04)
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Digital payment means a non-cash payment processed by a digital dispatch service and not by the vehicle operator, such as a payment by a payment card (a credit or debit card), processed through a mobile- or Web-based application. A digital payment does not mean a “cashless payment” as such term is defined in Chapter 6 of this Title.
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Digital payment means a payment made with a payment card or by a direct debit transaction and processed by a digital dispatch service using a vehicle’s MTS meter data. A digital payment is not a cashless payment.
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Related to Digital payment

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Solar alternative compliance payment or "SACP" means a

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Total Payments means those payments so described in Section 6.2 hereof.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Hospital pharmacy means a pharmacy providing pharmaceutical care to

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Interim Payment has the meaning specified in Section 10.1.

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.5 of this Regulation.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Digital Wallet means an electronic payment service that allows you to store a digital version of your Card on a computer or device and make payments using that Digital Card. Digital Wallets may be operated by third party Digital Wallet providers and are available on supported devices.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • ISDN refers to a digital circuit switched network service. Basic Rate ISDN (BRI) provides for channelized (two (2) bearer and one (1) data) end- to-end digital connectivity for the transmission of voice or data on either or both bearer channels and packet data on the data channel. Primary Rate ISDN (PRI) provides for twenty-three (23) bearer channels and one (1) data channel. For BRI, the bearer channels operate at 64 Kbps and the data channel at 16 Kbps. For PRI, all twenty-four (24) channels operate at 64 Kbps or

  • Loop or "Unbundled Loop" shall have the meaning set forth in Section 9.2.1.

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.