Banking · Cash Management Services
A bank provides a collection service to an e-commerce aggregator that receives thousands of small-value payments daily from customers using modes like UPI, Net Banking, and Debit Cards. The aggregator needs to identify which specific customer made which payment to update their internal ledger. The bank offers a solution that assigns a unique identification number to the aggregator for each of its customers, allowing for an automated reconciliation report. What is this specialized service called?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Correct answer
Virtual Account Management for automated payer identification
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