Mobile Payments - Go Cashless

The Narendra Modi led government is actively taking steps to make the Digital India Movement a success. Demonetizing the high value currency of 1000 and 500 notes has not been the only step. In order to promote digital payments across the country, one of the initial steps that the government took was directing all government bodies to go cashless. Most of the PSUs, government undertakings, municipal bodies have already forayed into converting their payment points digital. Here is a list of ways and methods how you can make payment to government and government bodies cashless: 1. Utility bills - electricity, water, telephone, gas Now you can easily pay your utility bills cashlessly. Digital wallets like Paytm, MobiKwik, Freecharge etc. provide the facility of paying electricity and telephone bills. As for your gas connections, now along with booking your new gas cylinder online, you can even make the payment online. The government is also taking active steps to enable public to make paym

India is a country with a population of more than 1.3 billion people. Of this, a major chunk commute daily, either short or long distance, to earn their daily bread. When the Government of India announced the demonetization of 1000 and 500 Rupee notes, a lot of people found themselves strapped for cash. A common woe was people did not have enough cash to commute from one place to another. In our country, most of the local modes of transport like autorickshaws, buses, trains conduct their 95% of business in cash. Before demonetization, neither the drivers nor the commuters bothered about going cashless for their commuting transactions. However, since demonetization, we are witnessing a change in this trend. If you are one of the wiser ones who wants to become part of this cashless revolution, then here are 7 cool ways following which you can convert your daily commute into a cashless one: 1. Call for App-based Taxi Services A trend which is already popular in the metros since quite some t

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 government is taking all the steps to make Aadhaar card the base of most of the legal and administrative procedures. The government has off lately continuously encouraged and pushed people to link Aadhaar card with their bank account. One of the most beneficial features of linking bank accounts to Aadhaar cards is that you can hence receive the various benefits and subsidy amount under different government schemes directly in your bank account. Steps to link Aadhaar card with your bank account Linking Aadhaar card through net banking: The process of linking the bank account with Aadhaar card through net banking is extremely easy and is done in just a few minutes. Here is a step-by-step process: Log into your bank account Click on Aadhaar Card Seeding or Update Aadhaar Card Details Enter the required card details on the next page Click on Submit You will receive a One-Time Password (OTP) on your mobile number Verify through the OTP and you Aadhaar card will be linked to your bank

Launched in 2010, Paytm is a mobile payment platform which helps users recharge mobiles and DTH connections, pay utility bills, shop online and offline, and even transfer funds. And owing to the ban on Rs. 500 and Rs. 1000 currency notes by the government, Paytm has seen a massive surge in usage. Earlier you could add money to your Paytm wallet only through net banking and credit/debit cards, but now you can add money to your Paytm account using UPI as well. Unified Payment Interface, in turn, is also a mobile based payment system, which allows users to transfer money or make a financial transaction without using the bank/card details of the receiver and the payee whatsoever. You only need your Virtual Payment Address (VPA) for using UPI for various transactions. What is Virtual Payment Address (VPA)Virtual Payment Address is issued to the user when he/she registers for and uses UPI. VPA is important and required for all financial transactions between two platforms like Paytm and UPI.

UPI or Unified Payments Interface is an online payment system that can be used with a smartphone access. Undoubtedly, it has been a game changer in the economy of India. With UPI, you can transfer money without any IFSC code and beneficiary account number. The good news is that we are soon going to get an updated version of UPI, i.e. UPI 2.0. Expectations are high as the app would be more advanced and flexible than the existing one. Lets see what major changes it comes with. The current functioning of UPI There are many mobile wallets in the market facilitating online payments, but UPI based apps stand ahead of all. The sole reason being the ease of transactions since the users dont need IFSC code or any account detail. You just have to enter the persons mobile number, and the money will be transferred in one go. Users dont even have to add any beneficiary to the account to make a payment. About UPI 2.0The next version will be coming somewhere in March 2017, and its going to be

FreeCharge is a mobile based payment platform which lets users pay utility bills, recharge mobile numbers and DTH connections, shop online and offline, and transfer funds to banks accounts. Launched in 2015, FreeCharge has risen as one of the most used mobile apps in India in a very short span of time. The FreeCharge Chat n Pay feature has further made accepting and making payments super quick and easy. What is FreeCharge Chat n Pay The FreeCharge Chat n Pay feature lets two FreeCharge users accept and make payments immediately through their FreeCharge wallet. Built on a chat-based platform, FreeCharge with the Chat n Pay service has merged payments and messaging, where the merchants and customers can communicate and initiate easy payments over chat. How to use FreeCharge Chat n Pay Using the new Chat n Pay feature by FreeCharge is incredibly smooth and hassle-free. The first step is to update the FreeCharge app in your smartphone from the respective play store/ app store, then follow