With WeChat and Hike Messenger already launching UPI-based payment apps, other big players may foray into the digital payments scenario soon

The digital transactions can be made via an app-based solution through smartphones, and also by installing a device which will accept payments through all digital wallets, debit and credit cards

The integration of Unified Payments Interface for Uber cabs will allow users to pay for rides using UPI enabled apps like BHIM

With Hike Messenger and WeChat already launching their e-wallets in India, WhatsApp's entry into the digital banking market will see a rise in competition among messaging apps backed e-wallets

The presentation detailed how digital payments in the country were transforming the Indian economy

The ATM card hack incidents and the attacks on India's websites are indicators of the increase in cyber threats as India is slowly shifting towards a cashless economy

Instead of standing in long queues for hours, Delhi Metro commuters can now get their tokens and smart cards recharged using Bharat Quick Response (QR) code through mobile banking applications

This cashless service, currently active in all six Token Vending Machines and Recharge Card Terminals (RCTM) at Lal Quila Metro Station, will subsequently be extended to 36 such machines installed on the Delhi Metro's Heritage Corridor (ITO-Kashmere Gate) of Violet Line