Online Payment consists with Google Pay (Tez), Samsung Pay & BHIM

1. QUICK
PAYMENT
OPTIONS
ABRAHAM RAJESH

2. “Learn countinully –
there’s always one
more thing to learn.”
- Steve jobs

3. What are online payments?
An online payment can be simply defined as
the exchange of money online, or the payment for
goods or services over the internet.
This involves processing data from a payment
method chosen by the buyer, usually a credit or debit
card, an e-wallet, or a checking account.

4. What is a Payment processor?
A payment processor is the mediator
between the merchant and the bank involved in the
transaction.
This can be either for online payments
(performed on websites) or for in-person payments
(performed on card swipers).

5. Tez Samsung Pay BHIM
Applications

6. Tezby Google
Google Tez was launched in September 2017, and serves lives of more than
22 Million people and businesses who use it every month. People from over 300,000
suburbs, towns, and villages use it to pay for their electrician, book bus rides, or split a
dinner bill with friends.
To support the development, Google has also partnered with four Indian
banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Federal Bank in
order to offer instant, pre-approved loans to customers through the Google Pay in
seconds.

7. How can you transfer money using Tez
After installing the app, users
have to snyc their wallets with their
Google account, and the mobile
number linked to it. Access to the
wallet from the app drawer is
protected by two-level security; a 4-
digit Google PIN, and the security
settings on the device, such as
passcodes, fingerprints, or pattern
locks.

9. Samsung Pay
It is a mobile payment service by Samsung India Electronics Pvt. Ltd. that allows you to
pay for goods and services simply by waving your Samsung smartphone near a cash register
instead of swiping a credit card or doling out your payment information.
Samsung Pay uses NFC technology to transfer a credit or debit card’s information to
a NFC-enabled payment terminal, just like how an NFC-enabled card would work. But what makes
Samsung Pay so awesome is that it also works with traditional payment terminals and card
machines by using MST (Magnetic Secure Transmission) technology. NFC is still a relatively new
technology, especially in emerging markets like India, which is where MST comes in.

10. Is Samsung Pay Safe.?
Samsung Pay is safer than having a physical card because it doesn’t actually store the
actual card number. Simply put, Samsung Pay stores an encrypted version of the card number that
is sent to payment terminals instead of the actual card number. It’s a virtual number of sorts, so the
original card number is not stored anywhere on your phone.
Samsung Pay also requires you to authenticate yourself on your phone before you can
use it to make a payment. You can use the fingerprint sensor, enter the device PIN, or authenticate
via the iris scanner on devices that have one. So a lot of security for a very convenient way to pay,
making Samsung Pay quite trustworthy.

11. Bharat Interface for Money (BHIM), a payment app, lets you make simple, easy, and quick
payments using the Unified Payments Interface (UPI) technology. Direct bank payments can be
made to anyone on UPI using their UPI ID and password.
One can also scan the QR code with the BHIM app to make payments.
There are many other UPI-enabled apps such as PhonePe, Paytm, Mobikwik, Airtel
Payments Bank, Google Pay, iMobile, Axis Pay, SBI Pay, and BOB UPI.
What is a BHIM App,

12. The following are the features of BHIM:
Send Money: Send money by entering Virtual Payment Address (UPI ID), Account number
and QR Scan.
Request Money: Collect money by entering Virtual Payment Address (UPI ID). Additionally
through BHIM App, one can also transfer money using Mobile No. (Mobile No should be registered
with BHIM or *99# and account should be linked).
Scan & Pay: Pay by scanning the QR code through Scan & Pay or generate your to let
others make easy payments to you.
Bank Account: Switch between multiple bank accounts linked with your BHIM App. You
can set/change your UPI PIN or check your balance.

13. Language: Currently BHIM is available in 20 languages, i.e., Hindi, English, Tamil, Telugu,
Malayalam, Bengali, Odia, Kannada, Gujarati, Marathi, Assamese, Bengali, Bhojpuri, Haryanvi,
Marwari, Konkani, Manipuri, Khasi, Mizo and Urdu.

14. Block User: Block/Spam users who are
sending you collect requests from illicit sources.
Privacy: Allow a user to disable and
enable mobilenumber@upi in the profile if a
secondary UPI ID is created (QR for the disabled
UPI ID is also disabled).
Scan: Scan any QR code sticker that
has the UPI and BHARAT QR logos on it with the
BHIM app. You can also generate your QR code
to make it easier for others to pay you.

15. HOW TO USE BHIM APP:
Step 1: Download and Install BHIM app from Google Play store/Apple App Store.
Step 2: Select your preferred language.
Step 3: Select SIM card which has the mobile number registered with your respective bank.
Step 4: Set the application passcode required to enter the app.
Step 5: Link your bank accounts using bank account option.
Step 6: Set your UPI PIN by providing last 6 digits of debit card and expiry date of debit card.
Step 7: Click on send and enter UPI ID. You can also Scan & Pay the QR of the person to whom you
want to send money.
Step 8: Enter the UPI Pin you set earlier to authenticate the transaction.
Step 9: Check ‘Transaction’ to see the status of the transaction

16. Thanks!
Do you have any
questions?
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