As ordinary Indians, what can we contribute to make our country more cash efficient? We need to understand the cashless ecosystem first. Here is an attempt to understand the cashless options and how to go cashless.

2. The Six Questions
1. What are the Cashless Payment Options?
2. What’s a Wallet and a Gateway?
3. What are the Charges & Cash backs?
4. What are the Payment Banks & Companies?
5. What are the UPI Features?
6. What are the Benefits to Shopkeepers?

3. Digital Payment Options

4. Wallets & Gateways
Digital Wallets
• Helps you buy
online easily &
conveniently.
• The money is in
your purse, not in
the Bank.
Payment Gateways
• Transfers money
to your Bank
Account.
• Charges 2-3% for
the convenience

5. Charges & Cash Backs
Charges
• Varies between 2-3%
for payment gateways.
• Special offer by digital
wallets to transfer from
wallets to Bank
Account.
• No charges for UPI
Cashbacks
• Cashbacks are to
encourage you to spend
money.
• Marketing a loyalty
program.
• User acquisition
discounts

6. So Many Options!!

7. What’s UPI: Unified Payment Interface
• UPI is an innovation led by National Payments
Corporation of India, under the guidance of
RBI.
• UPI is a new way to transfer money between
bank accounts in India.
• It enables instant credit of money to an
account without the cumbersome process of
registering for mobile banking, adding a
beneficiary etc.

11. Significant Benefits
• Less Bargaining
• Less Cost of Currency Management
• Higher Operating efficiencies
• Cross sell opportunities with spending
behaviors data
• Better Accounting & Easy Tax Compliance
• Easy & Clear Audit

12. Let’s Do It Now!
(in the next 5 minutes)
Learn more on
https://www.servetm.com/blog/go-cashless-get-smarter-with-your-smartphone/