Waiting to Pay Cash? Here are six digital options to make your payments


    Digital Payments: Demonetization strategy not just helped India to recover from the black market economy but also make people think about cashless payments for the population from urban and rural areas both. Be it a shopkeeper, farmer or service people and even the top society citizens has started to know more on the methods to avail cashless transactions in their daily life.

    Due to low cash inflow in the ATM’s Indian government is promoting all digital modes of banking and financial transactions, Launch of BHIM app is also a move towards the cashless economy. Let’s check out here six digital options to ease your life on the way of cashless banking.

    Digital Wallets

    Digital wallets are one of the best options to make small payments for your household. These payment methods were available in the market much time before the demonization but the popularity was close to nil as these payment options were hardly accepted in the local market.

    But after the demonetization, Priminster of India Narendra Modi appealed to increase the feasibility of using digital wallets everywhere and use them as alternative payment methods. You can use digital wallets like Paytm, MobiKwik, Oxygen, and Freecharge for your grocery shopping, bill payments, and bank transactions.


    USSD transfer

    USSD transfer is one of the best technology to use without internet connectivity to make digital payments, regardless of phone specification this method is universal to all phones, hence you can even use it in your basic bar phones.

    The user can avail this service by using short dialing USSD codes from his/her phone with the registered SIM to the bank account. For the rural areas, this facility is very useful to make financial transactions.


    As a part of mobile banking, the UPI is a very useful method to make banking transactions, the best part of it, you don’t need to register the receiver bank account and payment goes to his/her account instantly by using the user id for UPI payments. You can send or receive money in bank accounts directly without revealing or exchange of the account numbers.

    The UPI option can either be accessed via internet banking or mobile banking application.

    Net Banking

    Net banking services are a popular medium to fulfill your banking needs, i.e. funds transfer, e-statement, cheque book request, and online payments.

    Mobile Banking

    Mobile Banking via smartphones has turned your phone into digital banking portal. As India is the second largest smartphone market in the world, we can’t ignore the facility of mobile banking as a portable banking medium.

    Credit/debit Card

    All time popular credit/debit card transaction the widespread digital payment option to make cashless transactions. With the help of your credit or debit card, you can shop for anything in anywhere in the world. These cards can be accepted by ATM machines and POS devices to make payments.