Mobile Payments - Go Cashless

The government is taking all the necessary steps to promote and encourage digital payment systems. Hence, Digi Dhan Vyapar Yojana is a lucky draw scheme for merchants, where they would be rewarded to accept payments digitally. There are two types of rewards for the merchants, i.e., a weekly lucky draw and a mega draw. Weekly lucky draw as the name suggests, is a weekly prize where 7,000 merchants are rewarded with INR 2,500, INR 5,000, and INR 50,000. The Mega draw, in turn, will take place on April 14th, 2017 and the lucky winners would get Rs. 12 lakh, Rs. 25 lakh, and Rs. 50 lakh. What you need to know about Digi Dhan Vyapar YojanaThe government is making every possible effort to bring digital payment systems in practice. And what better approach can there be, than starting from the merchants. Here are some of the reasons why DigiDhan Vyapar Yojana is beneficial: The scheme helps promote digital payments through merchants To be eligible for the reward the merchant should accept a mi

Though many people were already using cashless payment methods like credit/debit cards, internet banking, and checkbooks for transactions, the number was limited. However, governments demonetization certainly pushed the entire country to adopt various cashless ways for not just big transactions, but in fact, for the day to day transactions. Here are 10 ways you can adopt for cashless transactions: Internet bankingInternet banking as we all know allows financial transactions from anywhere in real time. Log in to your bank account, and you can recharge your mobile number and DTH connections, pay utility and credit card bills, and transfer funds anytime. Debit cardsDebit cards can be said to be one of the first few ways of cashless transactions and have today become a necessity. There is no need to carry cash to make payments when you have a debit card handy. Credit cardsCredit cards unlike debit cards as the name says work on credit and can be requested from your bank. Each time you us

Housewives are the backbone of every Indian household. Although they remain in the backdrop, we cannot deny the fact that homemakers and housewives play a major role in Indias economy. They form an important part of the buyers community who move Indian markets. Therefore, educating the Indian Housewife to go cashless is imperative to make India a cashless economy. Be a smart housewife. Here are 10 ways a housewife can go cashless and be a champ: Salary payments to house-helps, gardeners, handymen, etc. 1. Use Digital Wallets and UPI Apps Go beyond using your smartphone just for Whatsapp and Candy Crush. Being a housewife, you are a quick learner. Download those mobile wallets and UPI apps today. These apps are easy to operate. Encourage your maid, house-help, handymen, gardener etc. to download these digital wallets and UPI apps on their phones and educate them on their use. Next step? Go cashless by making their salary payments through these digital wallets and UPI Apps. 2. No smartphon

During the initial stage of the demonetization drive, SMEs faced a lot of problems due to sudden cash crunch. But as time passed, a lot of them are got onboard the cashless bandwagon. SMEs are finding ways and means wherein they can receive and make payments cashless. So, if you are the owner of one such SME who is still clueless about how to adopt cashless modes of transactions, here are 6 ways for you can do so : Account Transfers Most SMEs operate Current Accounts to deposit and withdraw cash for operating their businesses. Instead of dealing in cash, you can pay your vendors and employees, and collect payments from your customers directly through bank transfers. Modes of direct account transfers like NEFT, RTGS and IMPS are now facilitated by net banking and mobile banking which are extremely smooth to operate. Many banks now have even come up with special apps for businesses providing various cashless solutions to run businesses seamlessly. Aadhaar Enabled Payments System (AEPS) If

The demonetization drive saw the middle-class sections of Indian population shedding their inhibition towards cashless transactions. People who were earlier reluctant towards digital wallets and internet banking were found switching to them. The trend caught on and it has been on a rise. But there still remains a major section of our society - the poor and the underprivileged - which has not been able to explore the potential of going cashless. The poor peoples mind is filled with questions and obscure beliefs about the cashless movement. Most either are afraid that they will lose the little money they have or they are simply resisting the new technology. In such a situation, we, the educated masses, need to rescue them. Few things that we, as common men, can do are as follows: Bust the myths about cashless transactions Start by talking to those underprivileged ones who live, work, and interact with you on a daily basis. Find out what is hindering them from making the switch to cashless