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💸 Money Transfer: Methods, Mechanics, and Modern Systems
A Money Transfer is the electronic movement of funds from one individual or entity to another. In today's global economy, electronic transfers have almost entirely replaced physical movement of cash, forming the backbone of domestic and international commerce.
In India, electronic fund transfers are primarily facilitated by three major systems managed by the Reserve Bank of India (RBI) or the National Payments Corporation of India (NPCI), alongside the revolutionary Unified Payments Interface (UPI).
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