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Understanding Electronic Funds Transfer (EFT)?

Nanonets

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

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Hong Kong’s New Faster Payment System Marred By Fraud Claims

PYMNTS

A spokesperson for the HKMA told reporters that the accusations involve a fraudster stealing personal information to set up an eWallet account and activate electronic direct debit authorization, a feature of FPS that allows users to link bank accounts to eWallets.

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The Rise of Online Gaming in Australia and the Payment Solutions Driving It

Segpay

Just like in Germany and in France, Australian gamers love to use eWallets. According to Worldpays latest 2025 Global Payments Report , 42% of Australians use debit cards to fund their eWallets, while 28% use their credit card and 19% fund their eWallet through their bank account.

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India’s Grand (De) Monetization Experiment

PYMNTS

Smartphones reign within mobile, and the government introduced a United Payments Interface app that ties together interbank fund transfers and Aadhaar. It has also been getting merchants on board, eyeing its 220 million clients using its eWallets. Mobile reigns here.

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Australia’s Digital Payments and eCommerce Boom

Segpay

Last year, 47% of Card transactions were paid with VISA Cards and 27% with MasterCard and 21% of Australias card transactions were paid through EFTPOS, Australia s Electronic Funds Transfer at POS) debit card scheme.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

eWallet & mobile payments. Tags: Consumer, SMB, payments, P2p funds transfers, remittances, fx, currencies. Total raised: $31.85 million including $25 million debt. HQ: Chicago, Illinois. Source: Pymnts. Latest round: $28 million Series B. Total raised: $33.75 HQ: Ho Chi Minh City, Vietnam. Source: Crunchbase. StreetShares.