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11 Digital Payment Modes Making Cashless Transactions Easier. Share your experiences.

Today, Digital Payment covers a significant percentage in the payment sphere of the country ever since the evolution of the latest technologies and applications after Digital India ...

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Today, Digital Payment covers a significant percentage in the payment sphere of the country ever since the evolution of the latest technologies and applications after Digital India was launched in 2016. Digital Payment or Cashless Payment is a convenient payment method where both the payer and payee uses a digital medium to send and receive money-saving time and energy involved in a physical or hard cash exchange. Almost every payment these days can be made through one or the other modes of digital payment available, whether sending or receiving money to or from anybody, purchasing items from offline or online stores or bill payments, etc.

Below mentioned are the various modes of digital payments available today:

1. Banking Cards (Debit Card, Credit Card, Cash Card, Travel Cards, etc.)
2. USSD (Unstructured Supplementary Service Data) Banking
3. AePS (AADHAAR ENABLED PAYMENT SERVICE)
4. UPI (UNIFIED PAYMENT INTERFACE)
5. Mobile Wallets or E-Wallets
6. Banks Prepaid Cards
7. PoS (Point of Sale)
8. Internet Banking
9. Mobile Banking
10. Micro ATMs
11. QR Code

Share your views and ideas about the digital payment modes you prefer the most by mentioning their reliability, functionality and security aspects while making any digital transaction.

Note: Click on the digital payment modes listed above to read and learn more about the features of each and every mode.

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Bhawna 4 weeks 2 hours ago

11. Gift Cards or Vouchers
Gift vouchers are a handy way of going cashless and are a great gift idea because the receiver can decide what they would like to purchase with the voucher. Stores also give out discounts on gift vouchers which work well for the purchaser as well.