Payment volume definition

Payment volume means the total amount of payment transactions executed by the authorised payment institution in the preceding financial year divided by the number of months in that year.
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Payment volume means the total amount of payment transactions that are not related to the issuance of electronic money executed by the authorised electronic money institution in the preceding financial year divided by the number of months in that year.
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Payment volume means the average of the preceding 12 months' total amount of monthly payment transactions executed.
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Examples of Payment volume in a sentence

  • Amounts shown in Payment volume of 2008 are results calculated upon the assumption of VAT rate being 17%, and the actual payment shall be calculated in accordance of the then applicable VAT rates in the event of the VAT rate adjustment.

  • Seller shall pay all royalties due on such gas and shall retain the net proceeds associated with volumes up to the net daily Production Payment volume of 6.375 MMCFD.

Related to Payment volume

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.