This presentation is a compilation of the various Digital Payment options available for individuals & businesses. This presentation explains the digital payment landscape from a layman's perspective..

1. Digital Payments
A presentation compiled by Sajid Khetani

2. What is a Digital Payment?
A way of paying for a
goods or services
electronically, instead
of using cash or a
check, in person or by
mail. Customer
convenience
Ease
of use
Improves
Efficiency
Compiled by Sajid Khetani

3. Why now?
Compiled by Sajid Khetani

4. Types of Digital Payments
Bank Cards
Net banking
• Electronic Funds
Transfer
Point of Sale E-Wallets
UPI
• United Payment
Interface
USSD
• Unstructured
Supplementary
Service Data
AEPS
• Aadhar Enabled
Payment System
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5. Bank Cards
Prepaid
Cards
Preloaded from your
bank account
Safe to use, limited
amount of transaction
Recharge option is
simple
Debit Cards
Linked to your bank
account
Used to pay at shops,
wallets, micro ATMS,
online shopping
Credit Cards
Issued by banks based
on the credit history
No need to have
balance in the bank
account
Widely accepted
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6. Net Banking – Electronic Funds Transfer
▪ It is used for transferring money from one bank account directly to
another without any paper money changing hands. One of the
early mode of paperless transaction.
▪ This is enabled by all the banks and the customer can register for
netbanking by visiting the nearest branch.
Payment Gateway
▪ A platform which enables online payments for e-
businesses.
▪ Ability to accept online payment across different modes
viz., netbanking, credit cards, debit cards, e-wallet, etc.
from a single interface
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7. Point of Sale (POS)
▪ A point-of-sale (POS) terminal is a computerized replacement
for a cash register. The point of sale (POS) or point of
purchase (POP) is the time and place where a retail
transaction is completed.
▪ Physical, Mobile & Virtual PoS
▪ Use in 3 easy steps
Swipe /
Scan
Input
amount
Generate
receipt
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8. E-Wallets
▪ Electronic pre-paid payment system,
mobile-first
▪ Used in purchasing items on-line with a
computer or a smartphone at a store.
▪ An individual's account is required to be
linked to the digital wallet to load money
in it.
▪ Most banks have their e-wallets and
some private companies
Download the e-
wallet app &
register using your
mobile number
Add money to your
wallet from your
bank account,
credit/debit card.
Click Pay, enter
merchant’s
mobile number
& amount to pay
Download the e-
wallet app &
register using your
mobile number
Click ‘Accept
payment’, show
QR code or
mobile number
See payment
received
details on the
history screen
To Pay
To Accept
Payments
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9. United Payment Interface (UPI)
▪ Unified Payments Interface (UPI) is a system
that powers multiple bank accounts into a
single mobile application (of any participating
bank), merging several banking features,
seamless fund routing & merchant payments
into one hood.
▪ Immediate money transfer through mobile
device round the clock 24*7 and 365 days.
▪ Single mobile application* for accessing
different bank accounts.
▪ A recent launch has been BHIM – launched
by National Payment Corporation of India.
See the next slide for details.
* All the major banks also have their individual UPI app which operates on the
same principle
Download app
Choose your unique id (Aadhar, mobile
no.) as virtual payment address
Select your bank
Give account details for first time
Set M-Pin for validating transactions
Registration completed
How do you register?
Compiled by Sajid Khetani

10. – a NPCI product under the aegis of
Government of India
▪ National Payment Corporation of India under the
aegis of Government of India recently launched
an UPI based app named – BHIM. It functions
similar to any other UPI based app.
▪ Download here
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Through the BHIM app, you can transfer money to a person
only using his mobile number. You don’t need a VPA or
bank account number.
Besides UPI PIN, you would be able to authenticate the fund
transfer using your fingerprints.
This app would also work on feature phone without internet.
‘Scan and Pay’ facility. It makes the payment transfer fast,
specially at a shop.
You can also check bank balance of the account. It is not
limited to the parent bank of the app.
The BHIM app gives you a link to directly call the respective
bank if there is an issue.
Special features

11. UPI contd… Choose
“Send
money”
Enter payee’s
virtual
payment
address
Enter amount
Write remarks
for
transaction
Confirm the
details
Hit “Send”
Send Money
Choose
“Collect
money”
Enter payer’s
virtual
payment
address
Enter amount
Enter when
do you want
to collect
Write
remarks for
transaction
Hit “Confirm”
Collect Money
Compiled by Sajid Khetani

12. USSD based Mobile Banking – *99# - National Unified USSD Platform (NUUP)
▪ What do you require?
▪ Account in a bank
▪ Any mobile phone on GSM network
▪ Can be used for payments upto Rs
5000 per day per customer
▪ How do you operate?
▪ Dial *99# from your phone and
follow the instructions on your
screen.
Visit your branch to link mobile
number & bank account (Can be done
at ATM or online as well)
You will get you Mobile Money
Identifier (MMID) and mobile PIN
(MPIN) upon registration
Remember you MMID & MPIN
How do you register?
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13. ▪ AEPS allows bank-to-bank
transaction at PoS (MicroATM)
with the help of Business
Correspondent (BC)
▪ Prevalent where there are no
branches (rural areas)
▪ Only Aadhar needed. Link you
Aadhar to your bank account
▪ Now you can do many transactions
at any AEPS point without any pin or
password (AEPS points – Micro
ATMs)
Account balance
Aadhar to Aadhar fund transfer
Cash withdrawal
Cash deposit
Purchase at Fair Price Shops with
AEPS
What can you do?
Aadhar Enabled Payment System (AEPS)
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14. AEPS contd…
Go to a Micro
ATM or a
Business
Correspondent
Provide you
Bank name &
Aadhar
Choose which
transaction to
do
Provide finger
print on
scanner
On successful
transaction,
take the print
slip
Process
completed
How do you transact?
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15. Further reading
▪ Presentation on Digital Payments by Niti Ayog -
http://niti.gov.in/writereaddata/files/Step-by-
step%20presentation%20on%20digital%20payments_English.pdf
▪ Keep yourself updated with the latest news & announcements vis-à-vis digital
payments
Thank you
Compiled by Sajid Khetani