This document discusses e-payment systems in India. It defines e-payment and introduces various types of e-payment methods used in India, including bank cards, UPI, NEFT, RTGS, PhonePe, Paytm, and G-Pay. It outlines the advantages of e-payments such as increased speed and sales, and instant receipts. Disadvantages include service fees, risk of theft, technical problems, and lack of access in remote areas. The conclusion states that e-payments expand markets, override traditional marketing, and make payments more convenient.

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INTRODUCTION
FEATURE OF E-PAYMENT
TYPE OF E-PAYMENT
ADVANTAGE AND
DISADVANTAGE OF E- PAYMENT
CONCLUSION
TABLE OF
CONTENT

3. E-PAYMENT DEFINED AS .A ELECTRONIC
PAYMENT, IS A SUBSET OF AN E-COMMERCE
TRANSACTION.IT INCLUDES ELECTRONIC
PAYMENT FOR BUYING/SELLING OR
SERVICES WHICH ARE OFFERED ON THE
INTERNET
INTRODUCTION

4. 01
Digital payments are
easy and convenient.
You do not need to
take loads of cash with
you. All you need is
your mobile phone or
Aadhaar number or a
card to pay. UPl apps
and E-Wallets made
digital payments
easier.
02
If stolen, it is easy to
block a credit card or
mobile wallet remotely,
but it's impossible to get
your cash back. “In that
sense, the digital option
offers limited security,”
says Pai. This is especially
true while travelling,
especially abroad, where
loss of cash can cause
great inconvenience.
03 04
Fast and
convenient
Digital payment is very fast
it requires very less period
of time to transfer money
from one account to
another and they are very
convenient because there
is no physical existence of
sender is required and we
can do many works while
sitting at home.
Easy and
convenient
Lower risk
A virtual terminal
facilitates card not
present transactions. It
allows the merchant to
make payments on
behalf of the custome.
The customer isn't
required to present his
card for the physical
examination by the
merchant.
virtual
terminal
Feature of E-Payment

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TYPE OF
E-PAYMENT
Bank-card
Net-banking
E-Wallet
UPI
USSD
AEPS

6. Banking cards offer consumers more security,
convenience, and control than any other
payment method. The wide variety of cards
available- including credit, debit and prepaid -
offers enormous flexibility These cards provide
2 factor authentications for secure payments
e.g, secure PIN and OTP RuPay, Visa,
MasterCard are some of the example of card
payment systems. Payment cards give people
the power to purchase items in stores, on the
Internet, through mail-order catalogues and
over the telephone. They both customers and
merchants' time and money, and thus enable
them for ease of transaction.
Bank-Card(Debit-Credit)

7. Unified Payments Interface (UPI), is a system
that powers multiple bank accounts into a singe
mobile application (of any participating bank),
merging several banking features, seamless
fund routing & merchant payments into one
hood. It also caters to the "Peer to Peer collect
request which can be scheduled and paid as
per requirement and convenience. Each Bank
provides its own UPI App for Android, Windows
and OS mobile platforms.
Unified Payment Interface(UPI)

8. National Electronic Funds Transfer (NEFT) is a
nation-wide payment system facilitating one-
to-one funds transfer. Under this Scheme,
individuals, firms and corporate can
electronically transfer funds from any bank
branch to any individual, firm or corporate
having an account with any other bank branch
in the country participating in the Scheme.
Individuals, firms or corporates maintaining
accounts with a bank branch can transfer funds
using NEFT.
National Electronic Fund Transfer (NEFT)

9. RTGS is defined as the continuous (real-time)
settlement of funds transfers individually on an
order by order basis (without netting). "Real Time'
means the processing of instructions at the time
they are received rather than at some later time;
'Gross Settlement means the settlement of funds
transfer instructions occurs individually (on an
instruction by instruction basis).
Real Time Gross Settlement (RTGS)

10. PhonePe Private Limited, PhonePe is an
Indian e-commerce payment system and
digital wallet company headquartered in
Bangalore, India. It was founded in
December 2015, by Sameer Nigam,
Rahul Chari and Burzin Engineer.
PhonePe app went live in August 2016
and was the first payment app built on
Unified Payments Interface (UPI)
Phone Pay

11. Paytm ("Pay-T-M, pronounced similar to ATM) is an
Indian e- commerce, payment system and financial
technology company, based out of Noida, India. Paytm is
available in 11 Indian languages and offers online use-
cases like mobile recharges, utility bill payments, travel,
movies, and events bookings as well as in-store
payments at grocery stores, fruits and vegetable shops,
restaurants, parking, tolls, pharmacies and educational
institutions with the Paytm QR code. As per the
company, over 7 million merchants across India use this
QR Code to accept payments directly into their bank
account. The company also uses advertisements and
paid promotional content to generate revenues.
PAYTM

12. Google Pay (stylized as G Pay; formerly Pay with Google
and Android Pay) is a digital wallet platform and online
payment system developed by Google to power in-app
and tap-to-pay purchases on mobile devices, enabling
users to make payments with android phones, tablets or
watches. As of January 8, 2018, the old Android Pay and
Google wallet have unified into a single pay system called
Google Pay. Android Pay was rebranded and renamed as
Google Pay. It also took over the branding of Google. The
rebranded service provided a new API that allows
merchants to add the payment service to websites, apps,
stripe, Braintree, and Google assistance. The service
allows users to use the payment cards they have on file
with Google Pay.
G-Pay

13. Advantage of E-Payment
1. Increased speed
2. Increased Sales
3. Instant Receipts
4. Better Deals

14. Disadvantage of E-Payment
1. Service Fees
2. Risk of Theft
3. Technical Problems
4. Remote Areas

15. CONCLUSION
 Expand Market beyond Traditional geographic
market.
 Override traditional marketing system into digital
marketing system.
 Made human life convenient as a person can pay
his payments online while he is taking rest.

16. REFERENCE
 https://www.dbs.com/digibank/in/articles/pay/what-is-electronic-payment
 https://www.stampli.com/blog/payments/electronic-payment-types
 https://business.paytm.com/blog/different-types-of-e-payment-system
 https://www.tutorialspoint.com/e_commerce/e_commerce_payment_systems.h
tm