Digital Payment Modes Devendra Pandey Ruchi’s Institute of Create Arts POLYTECHNIC 19/3, Dayanand Marg, Allahabad

Vittiya Saksharta Abhiyan (VISAKA) Campaign This is to aware students of RICA, to use digital payment for transfer of funds and encourage and motivate all payers and payees to use a digitally enabled cashless economic system. Ruchi’s Institute of Create Arts POLYTECHNIC

Category of Digital Payments… BANK CARDS: A small plastic card that can be used as a method of payment MOBILE PHONE UTILITY: A payment services operated, under govt financial law to perform from a mobile device. AEPS: Biometric and Demographic centralised database, based on 12-digit unique identity number jANM/mRITU/aAY/sTHAN/sHIKSHA Ruchi’s Institute of Create Arts POLYTECHNIC

Digital payments at a glance BANK CARD 1. Prepaid Cards 2. Debit Cards 3. Credit Card MOBILE BANKING 3.USSD (Unstructured Supplementary Service Data) 4. UPI (Unified Payment Interface for banks) 5. Mobile wallets (Pay and receive payments by digital Bank details) AEPS (Aadhar enabled payment system) Ruchi’s Institute of Create Arts POLYTECHNIC

BANK CARDS: Prepaid Cards A Prepaid card give facility to spend money that you have already loaded in advance. It is not linked to a bank account. Easy to monitor Top-up controls, spend money Not Linked to bank account Low protection. May charge fees for various services. Monthly fees, Top-up fees, Transaction fees, ATM withdrawal fees Ruchi’s Institute of Create Arts POLYTECHNIC

Quick to complete a purchase No need to carry cheque book Debit Card A debit card give facility to spend money direct from bank account. It is a bank linked account. Quick to complete a purchase No need to carry cheque book Sim based protection. No monthly, Top-up fee Linked to bank account High risk of theft Ruchi’s Institute of Create Arts POLYTECHNIC

Credit Card Provide financial backup Allow instalments Credit card is used to borrowing money. You take and use money with the intention of return it on time. Provide financial backup Allow instalments Offer discounts, Points, Cash back etc Use everywhere, especially overseas Interest Late fee Ruchi’s Institute of Create Arts POLYTECHNIC

Process to get a Bank Card Apply For Your Card Receive Your Card Receive Your Pin Activate Your Card Change Your Pin Regularly PIN of card always issued by bank separately Ruchi’s Institute of Create Arts POLYTECHNIC

MOBILE PHONE UTILITY USSD UPI Mobile wallets Unstructured Supplementary Service Data for banking services UPI Unified Payment Interface by banks Mobile wallets (Regular/daily financial transaction by digital Bank details) Ruchi’s Institute of Create Arts POLYTECHNIC

USSD for bank transaction Dial *99# from any GSM phone Type 3 letter of your Bank’s short name or IFSC Proceed with wizard as required Ruchi’s Institute of Create Arts POLYTECHNIC

USSD- Bank menu 1. Account Balance 2. Mini Statement 3. Send money using MMID 4. Send money using IFSC 5. Show MMID (7 digits) 6. Change MPIN 7. Generate OTP PS: (MMID) is Mobile Money Identifier Number (MPIN) Mobile Personal Identifier Number USSD can be used for payments upto Rs 5000 /day / customer It is conducted by (NUUP) National Unified USSD Platform Ruchi’s Institute of Create Arts POLYTECHNIC

USSD: Money Transfer sequence Enter Beneficiary mobile No (Recheck before send) Enter beneficiary MMID Type the amount you want to transfer (Suppose Rs. 500 to beneficiary) Type mobile number and MMID Finally type your M-PIN to proceed transaction. You will get credit/debit details along with IMPS ref No. Ruchi’s Institute of Create Arts POLYTECHNIC

UPI Requirements: Smartphone with internet facility Bank Account details (only for registration) APS available from Various Banks: PNB Interface are follows Ruchi’s Institute of Create Arts POLYTECHNIC

UPI Registration process Download Any Bank’s App Choose Your Unique Id (Aadhar, Mobile No.) Select Your Bank Give Account Details to registration Set M-Pin for Transactions Ruchi’s Institute of Create Arts POLYTECHNIC

Sending Money on UPI Choose “Send Money” Enter Payee’s Payment Address Enter Amount Write Remarks For Transaction Validate the Details Press “Send” Ruchi’s Institute of Create Arts POLYTECHNIC

Collecting Money (Raise a demand) Choose “Collect Money” Enter Payer’s Virtual Payment Address Enter Amount Enter When Do You Want To Collect Write Remarks For Transaction Hit “Confirm” Ruchi’s Institute of Create Arts POLYTECHNIC

Digital Wallets It required Bank Account, Smartphone, 2G/3G Connection & A Digital Wallet App Its electronic pre-paid payment for internet enabled phone. Used for payments: On-line with a computer or phone A bank card is required for digital wallet to load money in it. Most banks have their e-wallets Some private companies also give facility for digital wallet Ruchi’s Institute of Create Arts POLYTECHNIC

Digital Wallets Payment Process Downloads the App Register Yourself Using Mobile Load Money into Wallet Using Debit Card/Credit Card Of Net banking Start Using VPA to Make Payments CONSUMER WALLET LIMITS: RS.20,000/MONTH FOR ALL. RS.1 LAKH/MONTH WITH KYC Ruchi’s Institute of Create Arts POLYTECHNIC

AEPS (Aadhar enabled payment system) Aadhar enabled Services Do transactions without remembering any PIN MicroATM are used for AEPS payments Ruchi’s Institute of Create Arts POLYTECHNIC

Process steps for AADHAR enabled payment Go To A MicroAtm Or Banking Correspondent Provide Your Bank Name and Aadhaar Details Choose Which Transaction To Do Provide Finger Print On Scanner On Successful Transaction, Take The Print Slip Process Completed Ruchi’s Institute of Create Arts POLYTECHNIC

AEPS payment options –Balance Enquiry –Cash Withdrawal –Cash Deposit –Aadhaar to Aadhaar Funds Transfer Ruchi’s Institute of Create Arts POLYTECHNIC

POINT OF SALE (POS) PHYSICAL POS and M-POS V-POS Physical Card Swiping – PTSN with landline / GPRS enabled Phone connected with external POS device through jack / Bluetooth V-POS Virtual E-payment Gateway Ruchi’s Institute of Create Arts POLYTECHNIC

Physical PoS and MPOS SWIPE A DEBIT/CREDIT CARD ON THE POS MACHINE ENTER AMOUNT TO BE PAID AND PIN GENERATE RECEIPT Ruchi’s Institute of Create Arts POLYTECHNIC

V-POS No PoS machine required QR code used for payment to bank account of merchant Complete privacy of merchant bank account QR: Quick Response Code Ruchi’s Institute of Create Arts POLYTECHNIC

REMEMBER Register your mobile number at Bank. Check for regular information by SMS for every transaction Never share your PIN to anyone Transact with only trusted merchants While using at ATM, ensure no one is looking over your shoulders Ruchi’s Institute of Create Arts POLYTECHNIC

Summary Ruchi’s Institute of Create Arts POLYTECHNIC

END Ruchis Institute of Create Arts POLYTECHNIC Thank you for support Digital India mission Devendra Pandey Ruchis Institute of Create Arts POLYTECHNIC 19/3, Dayanand Marg, Allahabad 211001 Website: www.rica.org.in Phone: 0532-2422577 Email: ruchisinstitute@rediffmail.com Ruchi’s Institute of Create Arts POLYTECHNIC