Digital Payments STEP BY STEP INSTRUCTIONS FOR VARIOUS MODES OF - PowerPoint PPT Presentation

Digital Payments STEP BY STEP INSTRUCTIONS FOR VARIOUS MODES OF PAYMENT: Cards, USSD, AEPS, UPI, Wallets

Bank Cards

Getting a Bank Card 2 1 HOW TO ISSUE A CARD FROM ACTIVATE YOUR CARD YOUR ACCOUNT – At your Bank’s ATM by even – Approach nearest bank branch balance checking – Multiple cards from one account – At your bank branch by any – PIN issued by bank separately transaction

Point of Sale (PoS) & Card steps PREPAID CARD CAN BE ISSUED BANKS ISSUE VARIOUS CARDS USE YOUR CARD TO SHOP BY ANY BANK FROM ACCOUNT FOR THEIR ACCOUNT HOLDERS ANYWHERE OR CASH (FOLLOWING BENEFITS) Prepaid Cards At any PoS Pre-loaded card Debit cards At ATM Equivalent to cash Credit Cards Online shopping Can be recharged several times Can be used at any PoS, ATM

Unstructured Supplementary Service Data (USSD) based Mobile Banking *99# - National Unified USSD Platform (NUUP)

Required for Activation 2 1 ANY MOBILE PHONE ON GSM NETWORK; ACCOUNT IN A BANK NO INTERNET NEEDED Can be used for payments upto Rs 5000 per day per customer

Registration 1 Visit your branch to link mobile number and bank account Can be done at ATM or online also New changes being brought to simplify 2 You will get your Mobile user experience; no need for separate Money Identifier (MMID) and MMID Mobile PIN (MPIN) upon registration 3 Remember your MMID and MPIN

Transfer Funds to another Bank Account Dial *99# from your phone

Aadhar enabled payment system (AEPS)

Aadhaar Enabled Payment System (AEPS) AEPS allows bank-to-bank transaction at PoS (MicroATM) with the help of Banking Correspondent Aadhar enabled Services – Balance Enquiry Seed your account with your Aadhaar – Cash Withdrawal number – Cash Deposit – Aadhaar to Aadhaar Funds Transfer Now do transactions without remembering any PIN

Key Steps for AEPS Transaction GO TO A MICROATM OR PROVIDE YOUR CHOOSE WHICH BANKING BANK NAME AND TRANSACTION CORRESPONDEN AADHAAR TO DO T ON SUCCESSFUL PROVIDE FINGER PROCESS TRANSACTION, PRINT ON COMPLETED TAKE THE PRINT SCANNER SLIP

MicroATM Transaction

UPI

Requirements for registration on UPI REQUIREMENTS AVAILABLE APPS (28 BANK APPS) SBI app, PNB UPI, UPI Collect (ICICI), Smartphone with internet facility Axis Pay, Canara Bank UPI, UCO UPI, Union Bank UPI, OBC UPI and 20 other Bank Account details (only for banks registration)

UPI Registration Process CHOOSE YOUR UNIQUE ID DOWNLOAD ANY (AADHAR, SELECT YOUR BANK’S APP OR MOBILE NO.) AS BANK 3RD PARTY APP VIRTUAL PAYMENT ADDRESS (VPA) SET M-PIN FOR GIVE ACCOUNT REGISTRATION VALIDATING DETAILS FOR COMPLETED TRANSACTIONS FIRST TIME

Registering on UPI Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/

Sending Money on UPI ENTER PAYEE’S CHOOSE “SEND VIRTUAL ENTER AMOUNT MONEY” PAYMENT ADDRESS WRITE REMARKS CONFIRM THE HIT “SEND” FOR DETAILS TRANSACTION

Sending Money Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/

Collecting Money (raise a demand) on UPI ENTER PAYER’S CHOOSE VIRTUAL “COLLECT ENTER AMOUNT PAYMENT MONEY” ADDRESS WRITE REMARKS ENTER WHEN DO HIT “CONFIRM” FOR YOU WANT TO TRANSACTION COLLECT

Collecting Money Screenshot taken from http://www.bgr.in/news/unified-payments-interface-heres-how-to-register-send-and-receive-money-using-upi-apps/

Wallets

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

Using Wallets Consumer Wallet Limits: Rs.20,000/month for all. Rs.1 lakh/month with KYC CONSUMER LOAD MONEY START DOWNLOADS SIGN UP USING DEBIT USING THE APP ON USING CARD/CREDIT WALLET TO SMARTPHON MOBILE CARD OF MAKE E NETBANKING PAYMENTS Merchant Wallet Limits: Rs.50,000/month with Self Declaration. Rs.1 lakh/month with KYC SHOPKEEPER SELF /SERVICE SIGN UP START DECLARE PROVIDER USING ACCEPTING ITSELF AS A DOWNLOADS MOBILE PAYMENT MERCHANT THE APP Basic Requirements to Start Using a Wallet: Bank Account , Smartphone, 2G/3G Connection & A Free Wallet App

Point of Sale (PoS)

Types of PoS PHYSICAL POS MPOS V-POS Physical Card Swiping – PTSN with Phone connected with external POS Virtual E-payment Gateway landline / GPRS enabled device through jack / Bluetooth

Physical PoS 2 3 1 ENTER AMOUNT TO BE GENERATE RECEIPT SWIPE A DEBIT/CREDIT PAID AND PIN CARD ON THE POS MACHINE

Installation of Physical PoS Terminal 4 1 Submit following documents: Open / identify current – Proof of business (any one) account for transactions • Shop & establishment registration certificate • VAT certificate • Sales tax – Proof of address 2 – Fill in the application form Photo identity proof of proprietor / partner – Financial details (online / at the branch) • Bank statement • Income tax return 5 Acceptance of MDR by merchant 3 Identify type of PoS required (landline / GPRS) 6 Execution of Merchant Establishment Agreement

Mobile PoS Note: mSwipe is used as an example of MPOS here

V-PoS No PoS machine required QR code used for payment to bank account of merchant Complete privacy of merchant bank account

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

Summary Bank Account YES NO Non- Aadhaar Prepaid Smartphone Debit Card Smartphone Seeded Acc. Bank card POS POS UPI Wallets USSD AEPS transaction transaction

Digital Payment Matrix Characteristics Bank Cards *99#/NUUP AEPS UPI Wallets PoS Prepaid Debit Credit Physical Mobile Virtual Bank A/C Bank A/C, GSM Aadhar Number, Bank A/C, UPI App by Bank A/C, Smart Phone, Current Bank A/C, Smartphone, PoS Smartphone, Prerequisites Bank A/C BankA/C (Personal/ Mobile Bank A/C Bank, Smart Phone, Free E-Wallet App & Physical PoS - PTSN App, 2G/3G Internet, 2G/3G Authorized) 2G/3G Internet 2G/3G Internet with landline or External Pos Device - Internet,Virtual E- GPRS enabled through jack or Payment Gateway, QR bluetooth Scanner Mobile # with Aadhar Number Mob#/Aadhar# with Mobile# reg. with Bank Physical submission Bank A/C with PoS Registration At bank At bank At bank Nil Bank A/C with BankA/C UPI App of the Bank seeded in App of doc in bank; App Accept MDR Approx Duration Procurement of Mobile PoS not 5 mins for payment 1-2 WDs 5-7 WDs 1-2 WDs 1-2mins 5mins 5mins 5 mins for Initiation Physical PoS takes 2- easily accessible as through QR Code 4 weeks of now Mobile#Mobile# and Mobile#/Aadhar# BankA/C or Bank Card Current Banks A/C Bank A/C of the QR Scanner Linkages Mobile# Mobile# Aadhar bank acc with Wallet of merchant Merchant App/Virtual Payment Gateway Fund Transfer Limited Unlimited Limit 5000/day, No Limit 1 lakh/tr. Consumer: No Limit No Limit No Limit Limit varies 50,000/annum Rs.20,000/month for all; Rs.1 lakh/month with KYC Merchant: Rs. 50,000/month with self declaration.; Rs.1lakh/mnth with KYC Transction Cost for 0.45p/tr.* 1-2% of tr.* 1-2% of tr.* Nil Nil Nil Nil * * Nil Merchant Transanction Nil Data charges for App Data charges for App Nil Nil Nil Nil Nil Nil Nil Cost for download download Consumer Security Finger Prints & ID: Mobile # OR ID: Mobile#, PIN & SMS post PIN & SMS post Secured - No external PIN PIN, OTP, PIN, OTP, MMID, MPIN Sig.on Card, Sig.on Card, (In future, MMID Features Iris Detection Aadhar#; MPIN Password transaction transaction machine and bank SMS SMS will not be Available details are required needed) tr.: Transactions WDs: Working Days MPIN: Mobile PIN OTP: One Time Password MMID : Mobile Money Identifier PTSN: Public Switched Telephone Network NUUP: National Unified USSD Platform USSD: Unstructured Supplementary Service Data GPRS: General Packet Radio Service QR Code: Quick Response Code AEPS: Aadhar Enabled Payment System UPI: Unified Payment Interface