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An EFT, or rather an Electronic Funds Transfer, is a type of digital payment between banks or banking institutions of a very broad description and is used by private individuals and businesses alike. Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense.
Payment gateways and merchant accounts may be merged into a single platform such as PayPal and Venmo. Nanonets online OCR & OCR API have many interesting usecases t hat could optimize your business performance, save costs and boost growth. Find out how Nanonets' usecases can apply to your product.
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