CASHLESS PAYMENT

5 Best cashless payment options in India 1)E Wallets – Paytm, Freecharge etc.. 2)UPI – Unified payments Interface Apps 3)Plastic Money – Debit/Credit Cards 4)USSD 5)Aadhar Card – Aadhar Enabled Payment System

E-wallets stand for electronic wallet These e wallets allow users to make payments using your mobile number or by scanning a QR code which takes place in a jiffy. All you need to do is simply download a wallet like paytm. Now add money to your e wallet. You can add money to you paytm wallet online using debit/credit card/net banking. Also there are physical recharge points available all over India where you can add money to your paytm e wallet E-wallets stand for electronic wallet

Requirement for E-wallet Bank account Smart phone 2G/3G Free Wallet app

UPI(Unified payment interface) Registration Download UPI app of your bank Register with your account details and create your virtual ID with Name and registered mobile no One Tine Process Online purchase Add the item to be purchase at your cart Go to the payment option and select payment through UPI Provide only your virtual ID to the Merchant Mobile Authentication You will receive pop up window on your UPI App for approval of purchase Enter the secure PIN Confirmation will do the payment

Must To Do Practices Register your Mobile Number at Bank Never share your PIN with anyone Transact at your trusted Merchant At ATM ensure no one is looking at PN Press Buttons

AEPS(Adhar Enables Payment system) Go To micro ATM or Banking Correspondent Provide your Bank Name and Adhar Choose which Transaction to do Provide finger print on scanner Take the Print of the slip after successful transaction Process Complete

Why should I use AEPS Balance Enquiry Cash Withdrawal Cash deposit Adhar to Adhar Transfer Purchase at Fait Price shop(FPS) with AEPS

USSD(Unstructured supplement Service Data) No smart phone required No internet connectivity Required

Steps to use USSD facility Link your mobile no to Bank account Dial *99# from your mobile Fill first three letters of your Bank name Choose fund transfer option Enter payee’s Mobile Number and MMID Enter the amount and your MPIN

Cards Debit Cards-Issued by the Banks where you have account(current/saving/overdraft). Money get debited immediately from your account Can be used for domestic transfer from one person to another Can withdraw cash up to a Limit decided by bank

Credit cards Credits cards issued by Bank or entities approved by RBI Can be used domestically or internationally Customer can withdraw beyond the amount available in account but up to the credit limit Easy way to use it to swipe at POS machine Limit decided by Bank/entity up to over which purchase can be done

Thank You, finished