After the demonetization announced by the central government on 8th
November, the number and volume of digital payments have seen a
remarkable increase. Cashless Digital Payments have also become a
necessity for day to day spends in the days of cash crunch after
demonetization.
Indian government, after demonetization, has been encouraging people
(Both consumers and merchants) to use cashless digital payment methods
for any kind of payment against any kind of sale/purchase. The
government has started several initiatives for making the country
cashless, such as Jan Dhan to Digidhan and Mera Mobile – Mera Wallet and
Cashless India.
Digital Payment Methods for Cashless Payments :
However, there are several ways one can pay for daily expenses like
fuel, grocery, utility bills and purchase of any household item or any
other kind of bill/purchase. Below are the 10 most common digital
payment methods
- Banking Cards (Debit / Credit / Cash / Travel / Others)
- Unstructured Supplementary Service Data (USSD)
- AADHAR Enabled Payment System (AEPS)
- Unified Payment Interface (UPI)
- Mobile Wallets
- Banks Pre-Paid Cards
- Point of Sale Machines
- Internet Banking
- Mobile Banking
- Micro ATM’s
Complete detailed information about how to use the above mentioned digital payment methods, please visit official website of Cashless India initiative at http://cashlessindia.gov.in.
