ppt is based on digital pament

1. Persented by
TWINKLING
GEMS
SIGNIFICANCE OF DIGITAL
PAYMENT IN TODAY’S BANKING
SUBHAM DEY
ANKIT AMAN
NABA KUMAR JANA
KONDIRAM GORE
APEKSHA GAVALE
SUJOY MONDAL
KUSHAL NANDI
P NARENDRA
DEBOLINA BISWAS

2. What is PPI (Prepaid Payment Instrument) ?
Modes
of Payment

3. BANKING CARDS
● Debit card is a plastic card which provides a
alternative payment method to cash when
making purchases.
It is also known as
● BANK CARD or
CHECK CARD
Debit Card

4. TYPES DEBIT CARDS
● RUPAY CARD
● VISA CARD
● MASTER CARD
● CONTACTLESS DEBIT CARD
● TRAVEL CARD

5. BENIFITS OF DEBIT CARD
● Easy to obtain. Once you open an account most
institutions will issue you a debit card upon request.
● Convenience. Purchases can be made using a chip-
enabled terminal or by swiping the card rather than filling out
a paper check.
● Safety. You don't have to carry cash or a checkbook.
● Readily accepted. When out of town (or out of the country),
debit cards are usually widely accepted (make sure to tell
your financial institution you’re leaving your city; to not have
an interruption in service)

6. CREDIT CARD
A credit card is a card issued by a financial company
giving the holder an option to borrow funds, usually at
point of sale. Credit cards charge interest and are
primarily used for short-term financing. Interest usually
begins one month after a purchase is made, and
borrowing limits are pre-set according to the individual's
credit rating

7. BENEFITS
● Convenience--Credit cards can save you time and
trouble--no searching for an ATM or keeping cash on-hand.
● Instant cash--Cash advances are quick and convenient,
putting cash in your hand when you need it.
● Purchase protection--Most credit card companies will
handle disputes for you. If a merchant won't take back a
defective product, check with your credit card company.
● Balance surfing--Many credit card companies offer low
introductory interest rates. These offers allow you to move
balances to lower-rate cards

8. 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
PoS

9. Physical PoS
SWIPE A
DEBIT/CREDIT
CARD ON THE
POS MACHINE
1 2 ENTER AMOUNT
TO BE PAID AND
PIN
3 GENERATE
RECEIPT

10. Installation of Physical PoSTerminal
Open / identify current
account for transactions1
3 Identify type of PoS
required (landline /
GPRS)
2 Fill in the application form
(online / at the branch)
4 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
5 Acceptance of MDR by merchant
6
Execution of Merchant
Establishment Agreement

11. Note: mSwipe is used as an example of MPOS here
Mobile PoS

12. V­PoS
No PoS machine required
QR code used for payment to bank
account of merchant
Complete privacy of merchant bank
account

13. Internet Banking
What is Internet Banking?

14. Feature of Internet Banking

15. Mobile Banking Services
● Account Information
● Transaction
● Portfolio Management Service
● Real Time Stock
● Status of verioud requests
● ATM Location

16. MICRO ATM

17. ADVANTAGE AND
DISADVANTAGE OF MICRO ATM
● Cheap in cost
● Portable
● Best Connection
● Cannot provide “Anytime Money”

18. Benefits of Aadhaar Enabled Payment System
1.Specified transaction of any bank.
2.No need of signature or debit card.
3.It is fast and secure.
4.Reach to the distant rural place with the micro POS.
AEPS Services
1.Balance Check
2.Cash Deposit
3.Cash Withdrawal
4.Aadhaar to Aadhaar Fund Transfer

19. Requirements for AEPS
1.Aadhaar Number
2.Bank IIN or Name
3.Fingerprint
AEPS 6 institutions are involved
1.You
2.Banking correspondent
3.The bank of BC
4.Your Bank
5.NPCI
6.UIDAI
Charges of AEPS
1.NPCI-10ps for authentication and 25 paise for settlement.
2.Bank 1% of the transaction value.
3.for other bank transaction Min Rs 5 and Maxfees Rs 15.

20. Key steps for AEPS Transaction

21. Unstructured Supplementary
Service Data (USSD)
● How to get it:
● Provide KYC
● Mobile no.
● Register for USSD/Mobile Banking
● MMID (Mobile Money Identifier)
● Get MPIN (Mobile PIN)
● What is required for Transaction:
● Remember MMID
● Remember MPIN
● Dial *99#
● Any phone (feature or smart)

22. ● Transaction Cost:
● Rs.0.50 to 1.50/- charged to customer
● Funds Transfer limit:
● Rs 5,000/day
● Services Offered:
● Balance enquiry
● Mini Statement
● Funds transfer
● MMID
● A/c no.
● Aadhaar
● Know MMID
● Change M-PIN
● Generate OTP

23. Transfer Funds to another Bank
Account

24. UPI
HOW IT WORKS:-

25. Transaction statistics in UPI
Year Transaction Amount ( In Thousand Crore rupees)
2016 0.894053
2017 33.878686 (Till October)

26. e- Wallet
Types:-

27. Usages of e-Wallet

28. e- Wallets :- Secured or not?

29. Current Situation in India for
Digital Payment
Basically two types of payment systems
Paper-based Digital payments

30. Current scenario of digitalization in our
country

31. Comparison between the cash and non
cash transaction occured in the previous
years

32. Improvement in Digital Payment
System

33. Growth In UPI Based Payment (BHIM)

34. Where are we in world for Digital
payment?
India is holding the 51th position

35. ADVANTAGE OF DIGITAL
PAYMENT
● Reward points & cash back offer
● Payment of Utility Bills
● Availing discounts coupons
● 24x7 availability of banking services
● Maintains payments history record
● Reduction in payment cos

36. DISADVANTAGE OF DIGITAL
PAYMENT
● Increased risk of identity theft
● Losing mobile phone meaning loss your money
● Adapting is difficult for tech-unsavvy
● High chance of overspending

37. Payment landscape in India
● Demonetisation Effect
● Reason of digital Payment
● Future of Digital Payment
● Adoptibility and flexibility

38. CONCLUSION