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2 votes
Accepted

Why is there a need of thirdparty gateway while transferring money from one bank to another?

There are 25000 banks in the world. Banks to do not want to establish 25000 connections to each of the other banks. without payment networks, you would have situations where most banks would tell you “...
jcaron's user avatar
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2 votes

Why is there a need of thirdparty gateway while transferring money from one bank to another?

Do you know how many banks there are? For direct transfers, each and every bank would have to link with every other bank. That’s a LOT of interconnections. (The math racks up some pretty huge ...
RonJohn's user avatar
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2 votes
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Should i worry if i lied in my new bank that i have no association with another bank when i actually do?

It's extremely likely it is just a "stupid marketing question". In this case, answer No and that's it. (For example, in many countries now when you're at a chain store buying a t-shirt or ...
Fattie's user avatar
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2 votes
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Using Indian debit cards in Nepal

Yes! I hold an HDFC Debit card which is an Indian bank as well and I was able to use it in Nepal a year ago. However, before using it internationally you may I had to activate the card for ...
Irfan Shaikh's user avatar

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