Why Airtel and PayTM choose to open Payment Bank As per now only Airtel has opened payment bank and PayTM has announced it lunch date. As per news both payment banks will use customer’s mobile number as account number, which is for both have entities. As large number of user…
Payment bank is just like another normal banks with sum restriction. These banks will be fully paperless. These banks cannot issue loan and credit cards. These banks can accept a restricted amount of deposits which is caped to 1lakh INR currently. Payment bank customer can transfer their money from payment bank to…
After banned of old 500 and 1000 rupees note government promoting Digital payment very aggressively. In every interaction PM Modi urging people to make digital payment a “Habit” to make India cashless. To promote digital transaction PM Modi has launched many schemes like Lucky Grahak Yojna, Digi Dhan Vyaapar Yojana and…
While using USSD you must have to know you banks IFSC 4 digit numbers so that it understand which bank to contact to fulfill your request. Below are the list of popular bank exist in India and their 4 digit IFSC code initials. Learn How USSD payment works? Bank Name…
After announcing Note band of 500 and 1000 notes online transaction is on its peak. Even Indian Government is promoting Digitization by providing concession on petrol while paying online, which is very basic need for middle class people. As an individual person it is very easy to be digital because…
Using of above mentioned type of payment systems one thing is common, that is availability of internet. It becomes the major concern as most of areas in India do not have internet facility or signals are not strong there. To overcome this issue Indian Government has launch the USSD payment…
Aadhaar payment system is still in underdevelopment government working with this system with various banks to easy the payment system. The whole idea of making payment through is uniqueness of aadhaar number. According to statistics around 92% people have aadhaar numbers which linked with their account number. Working of Aadhaar…
This is the oldest method of transferring funds to one account to another online. In this process funds are transferred electronically using hand held device or web. For both type of payment you have to register the payee in your account and only then you can pay that person. To…
UPI payment system is electronically transfer funds from one account to another like NEFT and IMPS. But unlike NEFT and IMPS you do not need to register them into your bank account before transferring money, therefore it can also use for online payments. Working of UPI payment system To use…
Online wallets are the easiest way to take payments from customers is to make account with companies like PayTM, FreeCharge and MobikWik. These wallets are already very popular among the people who transact online as they are providing huge discount on transactions done by their website to acquire the market…