Banks issue credit cards to customers and other eligible persons.With this card, the holder can purchase goods and services on credit at any shop in India.If the dues are paid within the stipulated time no interest is charged.The credit limit is fixed by the issuing bank based on the income of the cardholder.

Bharat Interface for Money is an app that lets a bank customer make simple,easy and quick payment transactions using Unified Payments Interface (UPI).A bank customer can make instant bank to bank payments and pay and collect money using just mobile number or virtual payment address (VPA).It was launched in December 2016.

Bharat Bill Payment System is a RBI guided system operated by National Payments Corporation of India from August 2016.It is a one stop payment platform for all bills providing anytime anywhere bill payment service to all customers across India with certainty,reliability and safety of transactions.

Virtual Banking or Internet banking refers to perform banking operations through internet,using computers and mobile phone.This can be done by a customer from home or office or any part of the world and all 24 hours of 7 days.

Factoring is a continuing arrangement between financial intermediaries (factor) and a business concern (client) whereby the factor purchase the clients accounts receivable.E.g: SBI & Canara Bank.