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Dawn of Payment Revolution in India

We Indians just love our cash and although we have credit/debit cards and also have access to online banking, we were hesitant to embrace them completely. Our habits even forced the e-commerce & online taxi companies to accept cash on delivery / destination.

Things changed overnight with just one announcement by our Prime Minister to demonetise Rs.500 & Rs.1000 notes. The drive forced people out of their comfort zone and made them explore the world of cashless payments.

November 8 will go down as a historic day which gave fillip to the Cashless Economy in India.

There have been a lot of inhibitions by people & businesses to accept the route of digital payments and they are not to be blamed for it. I have compiled a presentation which I have used at multiple forums to educate the masses on Digital Payment landscape which is provided below.

The presentation includes the following:

  • Introduction to Digital Payments
  • Various modes of digital payments viz., Bank cards, Net banking, Point of Sale, E-Wallets, UPI, USSD & Aadhar Enabled Payment Systems
  • Instructions to use each of the payment modes

Hope you find this useful. Will appreciate if you can share the presentation around, which will help people & businesses make their transition easier in the Cashless economy.

@SajidKhetani

(This article was first published here)

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  1. Hello Sajid, You are complete right, we Indian are more comfortable at Cash money, but due to demonetization many of us have started to use online payments methods (cashless) which is quite easy then having money with us. Hope India will adopt digital transformation and we can become the “Digital India”.
    Check more about Aadhar here: http://finfyi.com/aadhar-card/

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