 

 

 

 

Term Description
IMPS Immediate Payment Service
IPS Integrated Payment Solutions
IT Information Technology

 

Ken ATM Report

The report titled “Jndia ATM Market Outlook to 2026” dated August 2021 issued by
Ken Research Private Limited

 

Ken Payments Report

The report titled “India Payment Services Market Outlook to 2026” dated August
2021 issued by Ken Research Private Limited

 

Ken Reports

The reports titled “India ATM Market Outlook to 2026” and “India Payment
Services Market Outlook to 2026”, each dated August 2021, issued by Ken Research
Private Limited, commissioned and paid for by our Company for the purposes of
confirming our understanding of the industry in connection with the Offer

 

Ken Research

Ken Research Private Limited

 

 

 

 

 

 

 

 

 

 

 

 

 

LAB Local Area Bank

MDR Merchant Discount Rate

MMT Million metric tonnes

MSP Managed Service Provider
mPOS Mobile Point of Sale

NFC Near Field Communication

NFS National Financial Switch

NPCI National Payments Corporation of India
OMG Oil Marketing Companies

PIN Personal Identification Number
PMJDY Pradhan Mantri Jan-Dhan Yojana
POS Point of Sale

PPI Pre-Paid Payment Instrument

 

PPI Master Directions

Master Direction on Issuance and Operation of Pre-Paid Payment Instruments dated
October 11, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSAR Act Private Security Agencies (Regulation) Act, 2005

PSA Rules Private Security Agencies (Private Security to Cash Transportation Activities) Rules,
2018

PSB Public Sector Bank

PSS Act Payment and Settlement Systems Act, 2007

PSU Public Sector Undertaking

QR Code Quick Response Code

RBI Reserve Bank of India

RCM Retail Cash Management

RFID Radio Frequency Identification

RRB Regional Rural Bank

SaaS Software-as-a-Service

SCB Scheduled Commercial Bank

UCB Urban Co-operative Bank

UPF Universal Payment Framework

VSAT Very Small Aperture Terminals

 

Conventional Terms/Abbreviations

 

Term

Description

 

AGM

Annual General Meeting

 

Alternative Investment Funds or
AIFs

Alternative investment funds as defined in, and registered under the SEBI AIF
Regulations

 

AS or Accounting Standards

Accounting Standards issued by the Institute of Chartered Accountants of India

 

AWPLR

Average Weighted Prime Lending Rate

 

BSE

BSE Limited

 

CAGR

Compounded Annual Growth Rate

 

Category I AIF

 

AIFs who are registered as “Category I Alternative Investment Funds” under the

SEBI AIF Regulations

 

Category I FPIs

FPls registered as “Category I foreign portfolio investors” under the SEBI FPI
Regulations

 

Category II AIF

AIFs who are registered as “Category II Alternative Investment Funds” under the
SEBI AIF Regulations

 

 

Category II FPIs

 

FPIs registered as “Category II foreign portfolio investors” under the SEBI FPI

 

 
