It's all about how to do Cashless/ Digital transactions, types of Cashless/ Digital Transactions

1. Digital Payments
Transforming India to Digital India

2.  Based on an article from Economic Times.

3. Synopsis
 Introduction
 Multiple Digital Payment Options
Unified Payment Interface(UPI)
E- Wallet
Cards and PoS
Aadhar-enabled Payment System
Unstructured Supplementary Service Data(USSD)
 Policy Measures by Government
 Barriers to Digital Payments

4. Introduction
 Payments are made using payment instruments.
Cash, for example, is a payment instrument. ... the nature
of the payment instrument is Paper
Digital / Cash Less : Every Instrument other than Cash
(Non Cash) and which does not rely on paper(Non
Paper) for its transaction.
Simply, in
other words, transactions that mainly use Electronic mediu
m are considered as Digital

5. Unified Payment Interface(UPI)

6. Unified Payment Interface(UPI)
 UPI is an indigenously developed platform by National
Payments Corporation of India (NPCI) and set up with the
support of the Reserve Bank and Indian Banks Association
(IBA).
UPI is an open and interoperable technology stack that
works by allocating a unique identification or address (not
bank account/card details) for each user, resulting in more
secure transactions.

7. Unified Payment Interface(UPI)
Logo:
Industry: Finance
Founded: 11th April, 2016
Founder: Reserve Bank of India
Headquarters: Mumbai, Maharashtra, India[1]
Products: Online platform for transactions
Parent: National Payments Corporation of India
Website: www. npci.org.in
More Info:

8. Unified Payment Interface(UPI)
 UPI allows customers to transfer money across banks with the use
of a virtual address such as USER ID or MOBILE NO.
 Some of the features are as follows:
 It will be available 24/7 including Sundays and Public Holidays.
 Notifications for the payments are received immediately.
 Secure Payment Gateways
 You can schedule your Payments and stop worrying about deadlines.

9. Unified Payment Interface(UPI)

10. Unified Payment Interface(UPI)
UPI can be used in many day to
day activities
 Transfer of money to friends
and relatives
 Paying Utility Bills
 Buying Railway and Movie Tickets
 Barcode( Scan and Pay)-Based
Payments
 Insurance Premium Collection
 Donations, School Fees and other
over the counter payments
 E- Commerce, Retail Stores
How to start using this service
 Android Users can download
the respective bank's UPI-
enabled mobile app from the Go
ogle Play Store. IOS users will
have to wait longer.
 Currently, 30
Banks including SBI, PNB, Canara
etc; have their individual
platforms.

11. Unified Payment Interface(UPI)
 This is Barcode( Scan and Pay )-
Based Payment Methods

12. Unified Payment Interface(UPI)

13. Unified Payment Interface(UPI)

14. E- Wallets
 E-wallet is an online prepaid account where one can stock money, to be used when
required. As it is a pre-loaded facility, consumers can buy a range of products from airline
tickets to grocery without swiping a debit or credit card.
 Examples :

15.  First of all, as it is a Wallet, we have to load money into that
for using our money online.
 We can load money from various sources
1. Debit Cards / Credit Cards / Prepaid Cards
2. Directly from Bank Accounts using Internet Banking
3. Requesting money from Parents, Relatives and Friends
E- Wallets
How do they work?

16. E- Wallets
What they can be used for?
 Recharges
 Mobile Recharge
 DTH Recharge
 Datacard Recharge
 Metro Card Recharge
 Bookings
 Hotel Bookings
 Movie Tickets
 Travel Tickets
 Bill Payments
 Landline Bills
 Broadband Bills
 Electricity Bills
 Postpaid Mobile Bills
 Gas Bill Payments
 Water Bill Payments
 Insurance Premiums
 Amusement Park Tickets

17. Types of E- Wallets
Bank led
Telco led
Prepaid
E- Comm Tech
Payment Banks

19. E- Wallets - Paytm

20. Download
and install
the Paytm
app on your
phone.
The is
available on
Play Store,
Windows
Mobile
Store and
the iOS App
Store.
1
E- Wallets - Paytm

21. Sign Up for Paytm2
E- Wallets - Paytm

22. E- Wallets - Paytm
Once you have logged
into your account, you
need to put in some
money into it.
3 Load Money

23. E- Wallets - Paytm
Pay or
Send
Money
4
і) iі)
iii
)

24. E- Wallets - Paytm
5
Receive
Money

25. E- Wallets - Paytm
The app offers a
"nearby" option
which shows all the
places near your
location that accept
payment through
Paytm.
Nearby Search
Option
6

26. PoS (Point of Sale)
 The “point” where a transaction is finalized or the moment
where a customer tenders payment in exchange for goods
and services. Any form of payment can be used, such as
cash, debit cards, credit cards, mobile payments and even
Bitcoin.
 Types of PoS
 Physical PoS
 M- PoS
 V- PoS

27. PoS (Point of Sale)
Types of PoS
PHYSICAL POS
Physical Card
Swiping - PTSN
with landline /
GPRS enabled
M - PoS
Phone
connected with
external PoS
device through
jack/ Bluetooth
V - PoS
Virtual E-payment
Gateway

28. PoS (Point of Sale)

29. PoS (Point of Sale)

30. PoS (Point of Sale)

31. V- PoS
 No PoS Machine required
 QR Code used for payment to Bank Account of Merchant
 Complete Privacy of Merchant Bank Account
PoS (Point of Sale)

32. Unstructured Supplementary Service
Data (USSD) based Mobile Banking
 *99# - National Unified USSD Platform (NUUP)

33. Unstructured Supplementary Service
Data (USSD) based Mobile Banking
Requirements
1.ACCOUNT IN A BANK
2.ANY MOBILE PHONE ON
GSM NETWORK

34. Registration
1. Visit any Branch to link mobile number and bank account (it can be done
at ATM or Online also)
2. You will get your Mobile Money Identifier(MMID) and Mobile Pin(MPIN)
upon registration
3. Remember your MMID and MPIN
Unstructured Supplementary Service
Data (USSD) based Mobile Banking

35. Unstructured Supplementary Service
Data (USSD) based Mobile Banking
Dial *99#
from your
phone
1 2 3

36. Unstructured Supplementary Service
Data (USSD) based Mobile Banking
4 5 6

37. Unstructured Supplementary Service
Data (USSD) based Mobile Banking
7 8

38. Massive Growth in Digital Transactions

39. Important Statistics

40. Important Statistics

41. Policy Measures by Government

45. Barriers to Digital Payments

46. A Presentation
by
Venkatesh
Kumar Maale