Go cashless, India

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/