We saw how to use BHIM app for payments and receipts in our last post. Today we shall see how to use India’s most popular digital payment app, i.e. PayTM. While BHIM is a link-up interface to use your bank account, PayTM has its own money wallet where one can keep money. Using that wallet is the fastest way to pay, since it uses the money stored inside and does not have to connect to any banks. Plus, there are plenty of offers, deals and cashbacks if you use PayTM to pay for several services. And the best benefit of all is that you use no cash. Continue reading “Using PayTM: India’s most popular cashless wallet”
Tag: digital money
Making India cashless: Intro to a series of tutorials
Over the last year, since demonitisation of ₹500 and ₹1000 notes, India has been trying to make a push to adopt digital, cash-free payments. While the number of online purchases from websites like Amazon and the usage of services like Uber has grown, brick-and-mortar retail businesses are slower in adopting digital money. Methods like credit cards, debits cards, digital wallets and UPI are widespread in the megacities and tourist hotspots, but non-existent in towns and villages. The main reason for this is the lack of awareness, no official documentation and an apprehension to adopt the unknown. I am writing a series of posts specific to India, where I show step-by-step examples on how to use set up and use different digital payments methods both as a customer and as a vendor. Continue reading “Making India cashless: Intro to a series of tutorials”
Making India cashless
November 8 2016 was a historic day for India, when Prime Minister Narendra Modi took a bold and swift step, demonitising the highly circulated Rs.500 and Rs.1000 currency notes. Encouraged by the government, customers and merchants are looking for ways to exchange money without using cash. The change is gradual, but is headed the right way. Megacities like Mumbai, Bangalore and New Delhi have jumped at the chance and enabled plenty of businesses to go cashless. Second-tier cities like Pune, Indore and Coimbatore are slower, but are surely getting there one business at a time. Continue reading “Making India cashless”