"Paise" is a term used in India and several other countries to refer to a fractional unit of currency. It is derived from the Indian rupee, where 100 paise equal 1 rupee. The term is commonly used in everyday transactions, especially for small amounts of money, making it an essential part of the local economy. In addition to India, the concept of paise is also found in countries like Pakistan and Nepal, where similar fractional currency units exist. The use of paise helps facilitate trade and commerce by allowing for precise pricing of goods and services, particularly in markets where small denominations are frequently needed.