Introduction To achieve expeditious movement into the cashless, digital payments economy across all states and sectors and to promote rapid adoption of digital payment systems, various digital payment systems appropriate to different sectors of the economy and is coordinating efforts to make them accessible and user- friendly. The following digital payment systems are currently being promoted across the country. A step-by-step instructions for usage of the payment options are described below. Watch Video on Digital Payment. Bank Cards Getting a Bank Card How to issue a card from your account Approach nearest bank branch Multiple cards from one account PIN issued by bank separately Activate your Card At your Bank’s ATM by even balance checking At your bank branch by any transaction Types of Cards & Usage Prepaid Cards Pre-loaded from your bank account Safe to use, limited amount of transaction Can be recharged like mobile recharge Debit Cards Linked to your bank account Used to pay at shops, ATMs, wallets, micro ATMs, online shopping Point of Sale (POS) and Card steps Banks issue various cards for their account holders Prepaid Cards Debit cards Credit Cards Use your card to shop anywhere At any PoS At ATM Online shopping Prepaid card can be issued by any bank from account or cashFollowing are the benefits Pre-loaded card Equivalent to cash Can be recharged several times Can be used at any PoS, ATM Unstructured Supplementary Service Data (USSD) based Mobile Banking *99# - National Unified USSD Platform (NUUP) Required for Activation Account in a bank Any mobile phone on GSM network Can be used for payments upto Rs 5000 per day per customer Registration Visit your branch to link mobile number and bank account- Can be done at ATM or online You will get your Mobile Money Identifier (MMID) and Mobile PIN (MPIN) upon registration Remember your MMID and MPIN Note: New changes being brought to simplify user experience; no need for separate MMID Transfer Funds to another Bank Account Aadhar enabled payment system (AEPS) AEPS allows bank-to-bank transaction at PoS (MicroATM) with the help of Business Correspondents (BC) Only Aadhar needed Aadhar enabled Services Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Funds Transfer Purchase at Fair Price Shops with AEPS Aadhaar Enabled Payment System Steps Seed your account with your Aadhar number at bank or with the help of banking Correspondent Now you can do many transactions at any AEPS point without any pin or password(AEPS points –Micro ATMs) Key steps for AEPS Transaction Go to a microATM or banking correspondent Provide your bank name and Aadhaar Choose which transaction to do Provide finger print on scanner On successful transaction, take the print slip Process completed MicroATM Transaction Unified Payment Interface Requirements for registration on UPI Requirements Smartphone with internet facility Bank Account details (only for registration) Available bank apps Sl.No. Bank Name App Name 1 Allahabad Bank Allahabad Bank UPI 2 Andhra Bank Andhra Bank ONE 3 Axis Bank Axis Pay 4 Bank of Baroda Baroda MPay 5 Bank of Maharashtra MAHAUPI 6 Canara Bank Canara Bank UPI - Empower 7 Catholic Syrian Bank CSB UPI 8 DCB Bank DCB Bank 9 Federal Bank Lotza 10 HDFC Bank HDFC Bank MobileBanking 11 ICICI Bank Pockets- ICICI Bank 12 Karnataka Bank KBL Smartz 13 Kotak Mahindra Bank KayPay 14 Oriental Bank of Commerce OBCUPI PSP 15 Punjab National Bank PNB UPI 16 South Indian Bank SIB M-Pay (UPI Pay) 17 State Bank of India SBI Pay 18 TJSB Bank TranZapp 19 UCO Bank UCO UPI 20 Union Bank of India Union Bank UPI 21 United Bank of India United UPI 22 Vijaya Bank Vijaya UPI App 23 Yes Bank Yes Pay For more details, click here. UPI Registration Process Download any bank’s app or 3rd party app Choose your unique id (Aadhar, mobile no.) as Virtual Payment Address (VPA) Select your bank Give account details for first time Set M-PIN for validating transactions Registration Completed Registering on UPI Sending Money on UPI Choose “Send money” Enter payee’s Virtual Payment Address Enter amount Write remarks for transaction Confirm the details Hit “send” Sending Money Collecting Money (raise a demand) on UPI Collecting Money Wallets What are e-wallets? Electronic pre-paid payment system, mobile-first Used in purchasing items on-line with a computer or a smartphone at a store. An individual's account is required to be linked to the digital wallet to load money in it. Most banks have their e-wallets and some private companies. Using Wallets Consumer Wallet Limits: Rs.20,000/month for all. Rs.1 lakh/month with KYC Consumer downloads the app on Smartphone Sign up using mobile Load money using debit card/credit card of net banking Start using wallet to make payments Merchant Wallet Limits: Rs.50,000/month with Self Declaration. Rs.1 lakh/month with KYC Shopkeeper/service provider downloads the app Sign up using mobile Self declare itself as a merchant Start accepting payment Point of Sale (PoS) Types of PoS Physical Card Swiping – PTSN with landline / GPRS enabled Phone connected with external POS device through jack / Bluetooth Virtual E-payment Gateway Physical PoS Swipe a debit/credit card on the PoS machine Enter amount to be paid and pin Generate Receipt Installation of Physical PoS Terminal Open / identify current account for transactions Fill in the application form (online / at the branch) Identify type of PoS required (landline / GPRS) Submit following documents: Proof of business (any one) Shop & establishment registration certificate VAT certificate Sales tax Proof of address Photo identity proof of proprietor / partner Financial details Bank statement Income tax return Acceptance of MDR by merchant Execution of Merchant Establishment Agreement Mobile PoS Note: mSwipe is used as an example of MPoS here V-PoS No PoS machine required QR code used for payment to bank account of merchant Complete privacy of merchant bank account Must Do Practices Register your mobile number at bank for regular information by SMS for every transaction Never share your PIN to anyone Transact at only trusted merchants While at ATM, ensure no one is looking over your shoulders Source : NITI Aayog Mobile app on Digital payments Mobile app - Know about Digital payments Related resources List of Banks permitted to provide Mobile Banking Service in India RBI cautions users of Virtual Currencies.