comparison of India's Cashless Economy with other Developed nations.And also some methods of Cashless Payment Introduce By Indian Government with its benefits.
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Cashless in india ppt
1.
2. functioning, operated, or performed without
using coins or banknotes for money
transactions but instead using credit cards or
electronic transfer of funds.
3. Rank Country Noncash Payments' Share Of Total
Value Of Consumer Payments
% Of Population
With A Debit Card
1 Belgium 93 86
2 France 92 69
3 Canada 90 88
4 U.K 89 88
5 Sweden 89 96
6 Australia 86 79
7 Netherland 85 98
8 U.S 80 72
9 Germany 76 88
10 South Korea 70 58
4.
5. Cheque
Demand Draft
Credit Card or Debit
Card
Mobile Wallets
UPI Apps
Gift Card
Aadhaar Enabled
Payment System
Unstructured
Supplementary Service
Data
6. UPI was launched by National Payments Corporation
of India with Reserve Bank of India's (RBI) vision of
migrating towards a 'less-cash' and more digital
society.
It is a system that powers multiple bank accounts
(of participating banks), several banking services
features like fund transfer, and merchant payments
in a single mobile application.
7. It is a Mobile App developed by National Payments
Corporation of India (NPCI) along with JUSPAY, based
on UPI.
launched by Prime Minister of India Narendra Modi to
facilitate e-payments directly through bank at a Digi
Dhan programme at Talkatora Stadium in New Delhi
on December 30, 2016.
8. BHIM allow users send or receive money to
other UPI payment addresses.
BHIM allows users to check current balance in
their bank accounts.
BHIM allows users to choose different bank
account for conducting transactions.
Users can create their own QR code.
9. It is the innovative payment service launched by
NPCI includes *99# service.
*99# service was dedicated to the nation by the
Honorable Prime Minister of India Shri Narendra
Modi on 28th August 2014 as part of Pradhan
Mantri Jan Dhan Yojana (PMJDY).
*99# service has been launched to take the
banking services to every common man across
the country
10. 1. Link your number to your bank account.
2. Dial *99# from your phone.
3. Fill in the first 3 letters of your bank against
Short Name QR first 4 letter of IFSC.
4. Choose “Fund Transfer-MMID” option.
5. Enter the payee’s mobile number and MMID.
6. Enter the amount and your MPIN, leave a
space and enter the last 4 digits of your
account number
11. Works without Internet.
works even on
holidays.
Accessible through a
common code *99#
across all TSPs.
Works across all GSM
service providers and
mobile handsets.
12. AEPS allows bank to bank transactions.
You can use AEPS with the help of PoS
machines. You can withdraw or deposit cash,
send money to another Aadhar linked
account with it.
it is the most secure digital payment mode.
13. Lack of access to banking.
Consumer behavior.
Large unorganized sector.
Lack of awareness among consumers.
14. Going cashless boost economy because cost
of managing paper money is high.
Going cashless dethrone terrorism and
criminals.
You can't become corruption free unless you
are cash-free.
It also adds up to environment as no tree will
be cut for printing paper money.
It is anti-biotic for fake currencies.