Filetype Power Point PPTX | Posted on 07 Sep 2022 | 3 years ago
Authentication
digital resources
155x Filetype PPTX File size 0.86 MB Source: icmai.in
What is Digital Payment ?
• Payments using electronic
means without involving any
physical cash
• Participants:
• Payment Service Operators :
Banks, Wallets, NPCI,
Gateways, Card Companies
• Sender : Customer
• Receiver : Merchant or
Shopkeeper
• Regulator : RBI
Why Digital Payments ???
• For Individual
• Most Convenient
• Secure
• Cost Effective
• For Economy
• Increased Revenues and Savings
• Reduction of Black money problem
• Increases Transparency
• Promotes Inclusive Growth
How Digital Payments is
Changing Lives ?
• Physical Wallets getting replaced by Digital
Wallets
• No Ques for payment of Utility Bills
• Emergency Payments
• No Banking Ques
• Increased Savings and Income
• Anytime Access to Account
• Ask a Farmer or Fruit Cultivator
Simple Digital Payment Cycle
Exampl
e of
Online
Shoppi
ng
Digital Payment Modes IMPS
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