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Showing posts from May, 2019

Digital Payments - A 360 Degree turn in Indian Finances

India is a country with rich and wealthy culture as well as people. Our history tells people uses coins made of gold , silver and copper for payments and transactions. It was in 1987 HSBC the Hong Kong and Shanghai Banking Corporations launched first ATM in India. As the time passed there was slow number of increase in the transactions done through ATM or card transactions. It was under Digital India campaign a Govt. of India initiative that digitalised the complete banking sector. Internet banking, Mobile Banking, UPI, Payments using mobile without internet,etc. etc. What more a country needs. People carrying bank in the pockets, one tap and you can access the awhole new world of banking and finances. Many new digital platforms launched like Pay-Tm, G-pay, Phone pay, Jio Pay etc. to assist people in digital transactions and also taking people to a new world of digital payments.  Peoples who believed only in cash payments have started to lear...