Step by-step presentation on digital payments
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The document provides detailed instructions for various digital payment modes including cards, USSD, AEPS, UPI, and wallets. It outlines the processes for obtaining and using bank cards, enabling mobile banking through USSD, and conducting transactions using AEPS and UPI. Additionally, it describes the requirements and functionalities of electronic wallets and point of sale systems for merchants.
Step by-step presentation on digital payments
- 1. Digital Payments STEP BY STEP INSTRUCTIONS FOR VARIOUS MODES OF PAYMENT: Cards, USSD, AEPS, UPI, Wallets
- 2. Bank Cards
- 3. 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 1 2 ACTIVATE YOUR CARD – At your Bank’s ATM by even balance checking – At your bank branch by any transaction
- 4. 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, microATMs, online shopping
- 5. Point of Sale (POS) & 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 CASH (FOLLOWING BENEFITS) Pre-loaded card Equivalent to cash Can be recharged several times Can be used at any PoS, ATM
- 6. Unstructured Supplementary Service Data (USSD) based Mobile Banking *99# - National Unified USSD Platform (NUUP)
- 7. Required for Activation ACCOUNT IN A BANK Can be used for payments upto Rs 5000 per day per customer 1 2 ANY MOBILE PHONE ON GSM NETWORK
- 8. Registration Visit your branch to link mobile number and bank account New changes being brought to simplify user experience; no need for separate MMID 1 3 Remember your MMID and MPIN 2 You will get your Mobile Money Identifier (MMID) and Mobile PIN (MPIN) upon registration Can be done at ATM or online also
- 9. Dial *99# from your phone Transfer Funds to another Bank Account
- 10. Aadhar enabled payment system (AEPS)
- 11. Aadhar enabled Services – Balance Enquiry – Cash Withdrawal – Cash Deposit – Aadhaar to Aadhaar Funds Transfer Aadhaar Enabled Payment System (AEPS) AEPS allows bank-to-bank transaction at PoS (MicroATM) with the help of BC Only Aadhar needed
- 12. Key Steps for AEPS Transaction GO TO A MICROATM OR BANKING CORRESPOND ENT 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
- 13. You can do – Account balance – Aadhar to Aadhar fund transfer – Cash withdrawal – Cash deposit – 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)
- 15. UPI
- 16. Requirements for registration on UPI REQUIREMENTS Smartphone with internet facility Bank Account details (only for registration) AVAILABLE APPS (28 BANK APPS) SBI app, PNB UPI, UPI Collect (ICICI), Axis Pay, Canara Bank UPI, UCO UPI, Union Bank UPI, OBC UPI and 20 other banks
- 17. 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 TRANSACTION S REGISTRATIO N COMPLETED
- 18. Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/ Registering on UPI
- 19. Sending Money on UPI CHOOSE “SEND MONEY” ENTER PAYEE’S VIRTUAL PAYMENT ADDRESS ENTER AMOUNT WRITE REMARKS FOR TRANSACTION CONFIRM THE DETAILS HIT “SEND”
- 20. Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/ Sending Money
- 21. Collecting Money (raise a demand) on UPI CHOOSE “COLLECT MONEY” ENTER PAYER’S VIRTUAL PAYMENT ADDRESS ENTER AMOUNT ENTER WHEN DO YOU WANT TO COLLECT WRITE REMARKS FOR TRANSACTION HIT “CONFIRM”
- 22. Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/ Collecting Money
- 23. Wallets
- 24. 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
- 25. Using Wallets CONSUME R DOWNLOA DS THE APP ON SMARTPHO NE SIGN UP USING MOBILE LOAD MONEY USING DEBIT CARD/CREDIT CARD OF NETBANKING START USING WALLET TO MAKE PAYMENT S Consumer Wallet Limits: Rs.20,000/month for all. Rs.1 lakh/month with KYC SHOPKEEP ER /SERVICE PROVIDER DOWNLOAD S THE APP SIGN UP USING MOBILE SELF DECLARE ITSELF AS A MERCHANT START ACCEPTING PAYMENT Merchant Wallet Limits: Rs.50,000/month with Self Declaration. Rs.1 lakh/month with KYC Basic Requirements to Start Using a Wallet: Bank Account, Smartphone, 2G/3G Connection & A Free Wallet App
- 27. 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 Types of PoS
- 28. Physical PoS SWIPE A DEBIT/CREDIT CARD ON THE POS MACHINE 1 2 ENTER AMOUNT TO BE PAID AND PIN 3 GENERATE RECEIPT
- 29. Installation of Physical PoS Terminal Open / identify current account for transactions 1 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
- 30. Note: mSwipe is used as an example of MPOS here Mobile PoS
- 31. V-PoS No PoS machine required QR code used for payment to bank account of merchant Complete privacy of merchant bank account
- 32. 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