Considering that, particularly post-Demonetisation, mobile wallets have become one of the most popular digital payment methods in the country, a question that many naturally have is-how safe are they?
The Bhim App has been downloaded 23 million times since its launch on December 30, 2016. Here is what you need to know about the UPI-based app
There is an undeniable momentum in the transition towards digital payments solutions. In fact, a lot of goods and services can now be purchased with just your bank details and an internet connection
Several digital payment options have been created by both the government and the private sector. Here is a look at the most popular options and how they work.
India's geography and large population along with limited digital and financial literacy, a preference for cash and inadequate infrastructure means that a lot needs to be done to help Indians make the transition to digital payments
Speaking at the launch of the NDTV-Mastercard, NITI Aayog CEO Amitabh Kant said that every person with a mobile phone in India would soon become a "walking ATM".
From documentation, caps on money that can be stored to transaction charges, here is what vendors need to know about mobile wallets
Easy to use, conveniently accessible via smartphones, mobile wallets have made paying, receiving and transferring money as simple as a touch of a button. Here are some of India's most popular mobile wallets
Digital payments are becoming increasingly popular, however, using mobile wallets for cashless transactions can be a bit confusing for new users. Here's everything there is to know about these payment instruments
Demonetisation proved beyond a doubt that Indians not only like to buy in cash but save in cash as well
Cashless Bano Contest is now closed. Here are the stories of the winners, who shared their experience of going cashless.
Winner: Sumeet Kohli from Navi Mumbai, Maharashtra
Story: It just happened last week whilst I was travelling from Mumbai to Delhi via an early morning flight and in hurry I totally forgot to load my wallet with currency notes. I booked an uber to airport, paid through my debit card linked to the wallet. Also, I managed to grab a quick bite at the lounge with my credit card. And then I stopped by at a book shop in Delhi to buy a book and paid by my online wallet through QR code. It was at the hotel, where, I felt like to tip the porter boy for carrying my luggage, I realized that I'm not carrying any cash. Even here, I tipped him via e-wallet. Truly, it was an amazing feeling to know that I managed all my expenses through cashless means. And the following day, I deliberately didn't carry cash!
Winner: Bobby Miryalkar from Hyderabad, Telangana
As we are aware that marriage needs a lot of coordination and being in the after era of demonetization, managing the affairs became challenging. Though, my sister’s marriage was scheduled in April 2017, the limited cash reserves in my hometown and in banks around had the chance to educate people to use more of cashless transactions. Firstly, the Pandit Ji accepted his dakshina digitally, followed by caterers, decorators and the wedding hall owners. All had to budge and get the benefits of hassle free digital banking route. It was quite a Herculean task for me as I was the only one to coordinate with each and every one responsible for catering to all the work related to marriage. I preferably don’t carry cash or hardly little cash for managing daily chores.
NDTV along with Mastercard is launching a multi-platform campaign “Cashless Bano India”, to create digital awareness and educate the masses about digital payment solutions for day to day transactions.
The campaign aims to take the message of a cash free India to the country, and will charter a blue print which can help all stakeholders to become a part of the digital revolution.
We aim to reach out to people and educate them on:
1) Digital and financial literacy
2) New generation digital payment solutions
3) Enabling merchants and consumers to understand and adopt secured and safe payment Solutions
4) Ease of usage at point of sales