The cashless world after demonetization is no longer imagination for all of us, we might get there sooner than we think. While the idea of a cashless society is appealing, the challenges of implementation are huge.Today various modes of digital payments for cashless transactions are available such as Internet Banking and Mobile banking but these cashless solutions are heavily dependent on active internet connection and some people find it difficult to pay digitally due to poor or no internet connectivity. In this article, I will cover some of few options viable payment options which can be leveraged even without active ... Read More

Bitcoin is a new digital currency across the globe, picking up very fast through its journey. Many countries have made it legal to use bitcoins for payments. You’ve likely to be heard of bitcoin, the digital currency that’s recently coming into the spotlight. Let us understand what is bitcoins and how to use them.Bitcoin is a digital currency that works on a peer-to-peer basis. It was invented somewhere in the year 2008 by an unknown programmer, or a group of programmers, under the name – Satoshi Nakamoto. It is designed for secure financial transactions taking place between users directly, without ... Read More

If I ask you how much cash do you carry? Your answer would be limited up to maybe 5000 I guess, but still, you go out, shop, eat by spending very less cash. No, of course, you don’t get things for free but, with the digital payment mode. Paying through different platforms or online transactions has made life easier and less complex.You may have heard of the fancy word – Crypto-currency, something which always comes by digital payment. Just to brush up your knowledge, it is a digital currency which involves encryption techniques that are used to formulate the production ... Read More

The sudden ban of Rs 500 and Rs 1000 was a great step by the Indian government to fight for black money, but its effects were clearly seen on common man’s life. Imagine you have Rs.500 in your wallet, and you come to know that you cannot use it anymore.The ATM machines and banks were closed, what to do? You need money for everything, if not cash then card atleast. In this situation all you can think of is, an online wallet. Yes, that’s right away where you can have some cash stored in online wallet, just like in any ... Read More

Since the dawn of the digital era in the world, so much of our attention has moved from face to face conversation to online. The rise of mobile wallet technology in India began somewhere around 2006 and has now started to take off rapidly.Mobile wallets have seen a boost since November 2nd week when Rs 500 and Rs 1, 000 notes were demonetized. The govt has initiated temporary measures to encourage the use of mobile wallets by fixing the limits of Mobile Wallets from Rs 10, 000 to Rs 20, 000 and allowed merchants to transfer Rs 50, 000 per ... Read More

With cash crunch going on in today’s Indian economy, mobile wallets can come to your rescue in this critical time. In fact, instead of using credit or debit card transactions, India has preferred mobile payments as an alternative solution for transacting online. Nandan Nilekani, one of India’s most famous technology guru, while supporting demonetization of Rs. 1, 000 and Rs. 500 currency notes, said digital transactions will increase in the next three to six months to a rate that would otherwise have taken three to six years. In this context, it is the need of the hour to know about ... Read More