Mobile Payments - Go Cashless

Unified Payment Interface (UPI) is a mobile based payment program which lets you do the financial transaction without using your card or bank account details each time. To use UPI, you will need a Virtual Payment Address (VPA) which is like an email ID. Just provide your VPA on every transaction, and the amount will be instantly debited or credited respectively from the account. Download UPI app from Google Play store and App StoreEvery bank has a separate UPI app which can be downloaded from Google Play Store and Apple App Store. Registering for UPI app is extremely easy and simple. Follow the steps below to know the process: Download the banks UPI app from the Play store Install the app on your smartphone After installation, open the app and click on registration Enter your bank details and mobile number for once and for all Based on the above details, your UPI ID will be created Use the UPI ID to make or receive payments Features of UPIUPI app comes with many amazing benefits to help y

Unified Payment Interface (UPI) is a mobile based payment system which allows transferring money in real time 24x7. The USP of UPI is that funds are transferred without entering your card/bank account details, the net banking password, and even the CVV number. National Electronic Funds Transfer (NEFT) has been the most common way of transferring funds till date. However, you can use NEFT only in those banks which are NEFT-enabled. Immediate Payment Service (IMPS) is a mobile payment program which enables the customers to transfer funds from their smartphones. For an IMPS transaction, you need the same details as NEFT (account number, bank holders name, and IFSC code) but the payment is made instantly. MMID stands for Mobile Money Identifier, and it is a 7-digit number. Once a user has registered their MMID with their bank, you can use that MMID to transfer funds through IMPS. While UPI, NEFT and IMPS are a way to transfer money, MMID is a special identification id which makes it poss

India is heading towards a cashless economy, and it can be felt in every part of the country. You can see the roadside vendors and autorickshaws opting for PayTM payment, and people are happily paying them through. However, there are still some people who dread going even a day without cash in their wallet. But with the new services and technologies available, it isnt really that difficult. Here is how you can spend a cashless day with digital wallets in the best way1. Ordering breakfast What can be better than breakfast in bed? Just the thought of it can bring a smile on anyones face. To give you a luxurious feel early in the morning, restaurants like Sagar Ratna, Pizza Hut, Dominos have collaborated with digital wallets like PayTM, Mobikwik, and Freecharge. If you are in for a more local flavour, you can order food with apps like Grofers and Swiggy, and pay directly through a digital wallet. It takes less than 2 minutes, and your order will be at your door steps within half an hour.

Mobile wallets like PayTM, Mobikwik, and Pockets by ICICI had been around for quite some time, but people did not start using them in full force until 500, and 1000 INR notes got banned overnight. Since the digital wallets already had the infrastructure and technology needed to fulfill a cashless economy, it didnt take long for people to shift to the mobile wallets in full form. One of the major reasons why people opted for mobile wallets more than anything was because they were easy to set up, and payments could be made from any mobile phone. Unlike, POS card machines which have a high set-up fee and a service charge as well. Here are some of the best mobile wallets in India:PayTM PayTM is one of the most reliable digital wallets that you can opt for right now. Whether you want to do a simple mobile recharge or send and receive payments, every transaction is simplified, when you have this app on your cell phone. After demonetization, many small businesses went for this transaction app,