Mobile Payments - Go Cashless

On 22nd March 2016, Samsung, launched its digital payment application, Samsung Pay. This move by the Android phone maker comes in the wake of the Digital India movement initiated by Prime Minister Mr. Narendra Modi post demonetization. With the humongous popularity of Samsung smart phones among Indian population, introduction of this new digital payment system might succeed in luring few more people to the cashless bandwagon. Here we give you a lowdown on the new payments app to get you better acquainted with it. Samsung Pay is a secure and easy to use mobile payment service. With this app brings users can have their debit card or credit card right on their phone screens. Features of Samsung Pay - The Digital Payment App from Samsung It is simple to use Samsung Pay is a convenient payment system which works faster than paying through your actual wallet. This app works using MST (Magnetic Secure Transmission) and NFC (Near Field Communication) technology. The app replicates as your debit o

A payment gateway provides a safe and secure channel for the consumers and merchants for accepting and making payments. CCAvenue, PayU, and Paytm have emerged as the preferred payment gateways by many around the country. However, the major question here is - How to decide which payment gateway service is the best for the online business?
Luckily, we are here to help you make the right decision. CCAvenueLaunched in 2001, CCAvenue is one of the veteran payment gateways in the Ecommerce industry. Nearly 85% of the Indian merchants avail the services of CCAvenue. Some of the Key features of CCAvenue are: Multiple currency processing 100+ payment options Zero setup fee Retry option, where the customers can make a purchase in three attempts SNIP, which allows the merchants to collect payments across various social media channels CCAvenue payment gateway supports the largest network of banks and payment options. The vast network of payment options is evident as the gateway supports 100+ debit ca

Digital wallets have made cashless transactions extremely convenient and hassle free. As a result, more and more people are adopting the digital wallet system for accepting and making payments. After demonetization, even the small street vendors like fruit and vegetable sellers have started using digital wallets like Paytm and MobiKwik. However, what we often ponder over is how exactly do the digital wallet companies earn, especially when they are offering up to 50% to 100% cashback. Lets get a little deep and understand the revenue model of the digital wallet companies. The business modelMost of the leading digital wallet companies primarily work on set business models, i.e. the recharge business, bill payments, digital wallets, and the E-commerce business. Nearly every digital wallet company started off by providing recharge services first, eventually expanding to offer bill payments, digital wallets, and finally E-commerce businesses. For every recharge done through the digital walle

The payment trends have been revolutionizing in the recent days and the rise of it can be witnessed all over India. Paytm is one of the largest payment gateway and recharge portals in India. Launched in 2010, this mobile wallet has gained immense popularity throughout the country. The company enables the users to recharge, pay, and receive money via its single platform. Merchants can sell their goods and also receive payment via the mobile wallet. From a simple recharge to advance solutions, Paytm has made accepting money easier. Here are some different ways you can receive money as a seller through the Paytm appGet payment via Whatsapp, Facebook, Email or SMS From the Paytm app, send the links via message to Whatsapp, Facebook, email, or phone contacts Once the buyer has the link, they can make the payment directly Get paid by sharing your mobile number For receiving the payment, you only have to share the mobile number registered with the account. The sender will transfer the money into y

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.

Whether you are paying online or at petrol pumps, you can use apps like MobiKwik and Paytm for transferring cash with one touch. No worries, no hindrances, these apps are generated to provide hassle-free services. About Paytm and MobiKwikAn Indian electronic commerce and payment system, Paytm offers mobile recharges, bill payments, bus travel tickets, movie bookings, and more. The company has more than 170 million users, and they claim it to be the fastest way to make any digital transaction. Similar to Paytm, MobiKwik too is a mobile wallet, and online payment system where a user can add money to the wallet and use it for mobile and DTH recharges, online shopping, utility bill payments, and tatkal train tickets. The app has helped vendors from all over India to adapt to a cashless economy. Both of these apps are also used to transfer cash to bank accounts. So, if you have them installed on your desktop or mobile, you can always go cashless. Users can download these apps on their smartph

Paytm is one of the biggest mobile wallets in India. Small or big, all sorts of business are getting attracted toward the smart features of this e-wallet. Undoubtedly, this app gained a lot of support after the demonetization step was taken by the government of India. People hurried towards the app as it let them maintain their business without any obstacle of cash. With 100 million registered users, the e-wallet has become one-stop-solution for all the digital payment needs. Whether you want to recharge, make a bill payment or receive cash, all of it will take less than one minute. However, todays talk will be on how to generate QR codes. So, lets see how Paytm QR code is generated and how it can help you receive a payment: How does Paytm QR Code work? The working of Paytm QR codes is very simple and reliable. The shopkeeper just has to show the QR codes to their customers, and the customer will scan it to pay the amount. In an instant, the merchant will receive the payment. How to gen

Almost six years have passed since Paytm was launched and now the mobile wallet is among the top digital wallets of India. Initially, the company started with simple bill payment feature and mobile recharge facilities, but now it is attached to more than 1000 vendors, selling all sorts of products. Even after being loaded with so many features, the app remained robust and efficient. Whether its the mobile recharge or utility payment, everything can be done in seconds. Why get a Paytm PIN In order to utilize all the services provided by Paytm, customers need to set a 4 digit Paytm PIN by calling on its toll-free number (180018001234). The same rule applies to the merchants; they do have to set a Paytm PIN. Once done, they can enter the recipients mobile number, Paytm PIN, and the amount to be credited. After the completion of this form, they can successfully transfer money from one Paytm wallet to another. Getting started: Create a Paytm account Users can get a Paytm account by signi