Does the UPI score better than E-Wallets, NEFT and IMPS?

Does the UPI score better than E-Wallets, NEFT and IMPS?

Has the Unified Payments Interface (UPI) come to reign supreme over all other ways and means of making online payments? Do e-wallets like Paytm, and online banking transactional methods like the NEFT and RTGS now take the back seat? Figure out the answer yourself as you read on… It is no secret in the rise of smart phone usage for online transactions.The figures rocketed from less than a crore of monthly transactions in 2012 to more than 63000 crores in 2016. Much of the rise occurring post the demonetization drive….

Read More

Going Cashless with eWallets and UPI. The Evolution has just begun!

Going Cashless with eWallets and UPI. The Evolution has just begun!

In the wake of the cash crisis which is feared to be India’s worst cash crunch ever, refusing to embrace technology or ignoring cashless options like the eWallet and the UPI is not quite the right thing to do. Sure, the cashless way also has its downsides. But its benefits far outweigh them. Adapting yourself to the available cashless payment systems and their design increases the possibilities of a consumer-friendly experience, eventually easing it out for you during this testing time. The Smart Phone revolution has transformed the way payments…

Read More