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    Presentation of Digital Payments

    Uploaded by

    Abdul Bokhari
    The document provides step-by-step instructions for various digital payment modes in India including points of sale (POS), mobile POS, virtual POS, UPI, wallets, and USSD/SMS banking. It explains the requirements and registration processes for different payment methods and includes screenshots from mobile apps. Key steps outlined include linking accounts, entering payment details, confirming transactions, and more. Screenshots demonstrate interfaces for sending and collecting money via UPI as well as loading wallets. Requirements for Aadhaar Enabled Payment System transactions are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Presentation of Digital Payments

    Uploaded by

    Abdul Bokhari
    234 views28 pages
    The document provides step-by-step instructions for various digital payment modes in India including points of sale (POS), mobile POS, virtual POS, UPI, wallets, and USSD/SMS banking. It explains the requirements and registration processes for different payment methods and includes screenshots from mobile apps. Key steps outlined include linking accounts, entering payment details, confirming transactions, and more. Screenshots demonstrate interfaces for sending and collecting money via UPI as well as loading wallets. Requirements for Aadhaar Enabled Payment System transactions are also summarized.

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    Presentation of Digital Payments (1).pptx

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    The document provides step-by-step instructions for various digital payment modes in India including points of sale (POS), mobile POS, virtual POS, UPI, wallets, and USSD/SMS banking. It explains the requirements and registration processes for different payment methods and includes screenshots from mobile apps. Key steps outlined include linking accounts, entering payment details, confirming transactions, and more. Screenshots demonstrate interfaces for sending and collecting money via UPI as well as loading wallets. Requirements for Aadhaar Enabled Payment System transactions are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    234 views28 pages

    Presentation of Digital Payments

    Uploaded by

    Abdul Bokhari
    The document provides step-by-step instructions for various digital payment modes in India including points of sale (POS), mobile POS, virtual POS, UPI, wallets, and USSD/SMS banking. It explains the requirements and registration processes for different payment methods and includes screenshots from mobile apps. Key steps outlined include linking accounts, entering payment details, confirming transactions, and more. Screenshots demonstrate interfaces for sending and collecting money via UPI as well as loading wallets. Requirements for Aadhaar Enabled Payment System transactions are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 28

    DIGITAL PAYMENTS

    STEP BY STEP INSTRUCTIONS FOR


    VARIOUS MODES OF PAYMENT:
    UPI, Wallets, PoS, and SMS banking (USSD)
    POINTS OF SALE (POS)
    Types of POS
    Physical POS
    Physical Card Swiping PTSN with landline / GPRS enabled

    MPOS
    Phone connected with external POS device through jack / Bluetooth

    V-POS
    Virtual E-payment Gateway
    Physical POS
    Step 1: Swipe a debit/credit card on the POS machine

    Step 2: Enter Amount to be paid and PIN


    Step 3: Generate receipt
    Mobile POS

    Note: mSwipe is used as an example of MPOS here


    Virtual-POS
    No machine required
    Customers can scan QR code of the
    merchant for instant payment
    Installation of 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
    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
    National Unified USSD Platform (NUUP)
    UNSTRUCTURED SUPPLEMENTARY
    SERVICE DATA (USSD) BASED MOBILE
    BANKING
    Required for activation
    Works on every mobile phone on
    GSM network
    Simple SMS-type system
    Visit your branch or ATM to link
    mobile number and bank account
    Details can be updated online or on SMS
    Can be used for payments upto Rs
    5000 per day, per user
    Simple fund transfer system
    You will get your Mobile Money Identifier
    (MMID) and Mobile PIN (MPIN) upon
    registration
    Remember your MMID and MPIN
    Make payments in few steps (*99#)

    To make the system more user friendly,


    several new features are proposed to be
    introduced
    Transfer Funds to another Bank
    Account
    Dial
    *99#
    from
    your
    phone
    Proposed new USSD
    features
    Using account number instead of
    MMID
    Can work with only Aadhar number
    also
    Unified Payment Interface

    UPI
    Requirements for registration on UPI

    Requirements
    Smartphone with internet facility
    Bank Account details (only for registration)

    Available apps
    SBI app, PNB UPI, UPI Collect (ICICI), Axis Pay,
    Canara Bank UPI, UCO UPI, Union Bank UPI,
    OBC UPI and 20 other banks
    3rd party apps Trupay, Phonepe, UPI pay,
    Mypoolin etc
    UPI Registration Process

    Choose your
    unique ID
    Download any
    (Aadhar, Mobile
    banks app or 3rd Select your bank
    No.) as Virtual
    party app
    Payment Address
    (VPA)

    Set M-PIN for Give account


    Registration
    validating details for first
    Completed
    transactions time
    Sample Screenshots (PhonePe app)

    Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/


    Sending Money on UPI

    Enter
    Choose payees
    Enter
    Send Virtual
    amount
    Money Payment
    Address

    Write
    Confirm the
    Hit Send remarks for
    details
    transaction
    Sending Money

    Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/


    Collecting Money (raise a demand) on UPI

    Enter payers
    Choose
    Virtual Enter
    Collect
    Payment amount
    Money
    Address

    Write Enter when


    Hit Confirm remarks for do you want
    transaction to collect
    Collecting Money

    Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/


    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.
    Provided by many banks and private
    companies
    Using Wallets
    onsumer Wallet Limits: Rs.20,000/month for all. Rs.1 lakh/month with KYC

    Load Money
    Consumer Start using
    Sign Up Using Debit
    Downloads wallet to
    Using Card/Credit
    the App on make
    Mobile Card of
    smartphone payments
    NetBanking

    rchant Wallet Limits: Rs.50,000/month with Self Declaration. Rs.1 lakh/month wit

    Shopkeeper/Ser
    Self Declare
    vice Provider Sign up using Start Accepting
    itself as a
    Downloads the Paytm Payment
    Merchant
    App

    Basic Requirements to Start Using a Wallet: Bank Account,


    Smartphone, 2G/3G Connection & A Free Wallet App
    AADHAR ENABLED
    PAYMENT SYSTEM (AEPS)
    Aadhaar Enabled Payment System (AEPS)

    AEPS allows bank-to-bank transaction at


    PoS (MicroATM) with the help of BC
    Only Aadhar needed

    Aadhar enabled Services


    Balance Enquiry
    Cash Withdrawal
    Cash Deposit
    Aadhaar to Aadhaar Funds Transfer
    Key Steps for AEPS Transaction

    Go to a
    Provide your Choose which
    MicroATM or
    bank name transaction to
    Banking
    and Aadhaar do
    Correspondent

    On successful
    Provide Finger
    Process transaction,
    print on
    Completed take the print
    scanner
    slip
    Screen
    Shots
    THANK YOU

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