go cashless, india
Post on 06-Jan-2017
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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?
Digital Payment Options
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
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
So Many Options!!
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.
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
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/
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