DigiEdu
[A unit of Sunder Foundation to create awareness for Digi Education, Free Free, Online].
sunderkt@gmail.com
https://DigiEdu.wordpress.com
Indian Currency Notes -may be history soon.
Hard cash and credit cards will soon be passe in India. All you need is a smart phone and a financial identity, like an email id from a bank, to undertake transaction up to Rs. 1 lakh.
The National Payments Corporation of India (NPCI), supported by the Reserve Bank of India (RBI), is all set to launch the Unified Payments Infrastructure (UPI) later this month, which will initially link up 19 banks and later extend to a number of other players.
UPI is as easy as handling over cash or credit card, you simply tell the retailer your virtual identity which is an email id. The shop keeper, who will also have financial id, will generate an in voice through the UPI, which you need to approve sing you mobile phone. It will facilitate instant money transfer by invoking the virtual identity of the beneficiary and transfer money real time.
Sunder T
20160606
[A unit of Sunder Foundation to create awareness for Digi Education, Free Free, Online].
sunderkt@gmail.com
https://DigiEdu.wordpress.com
Indian Currency Notes -may be history soon.
Hard cash and credit cards will soon be passe in India. All you need is a smart phone and a financial identity, like an email id from a bank, to undertake transaction up to Rs. 1 lakh.
The National Payments Corporation of India (NPCI), supported by the Reserve Bank of India (RBI), is all set to launch the Unified Payments Infrastructure (UPI) later this month, which will initially link up 19 banks and later extend to a number of other players.
UPI is as easy as handling over cash or credit card, you simply tell the retailer your virtual identity which is an email id. The shop keeper, who will also have financial id, will generate an in voice through the UPI, which you need to approve sing you mobile phone. It will facilitate instant money transfer by invoking the virtual identity of the beneficiary and transfer money real time.
Sunder T
20160606
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