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Danish FortThis fort was declared as a protected monument by the Department of Archaeology, Government of Tamilnadu in 1977 ADThe Danes constructed fortifications on the coast at Tranquebar. This was the only busy trade centre on the Coromandal coast for the Danes. This fort was a busy trade centre till 1845 AD when the Danes handed over the fort to the English. It was used as a Public Works Department Travellers Bungalow for government servants and colonials till 1977 AD.  

Modes of Digital Payments
  1. Banking Cards [Debit / Credit / Cash / Travel / Others]
  2. USSD - Unstructured Supplementary Service Data
  3. AEPS - Aadhaar Enabled Payment System
  4. UPI - Unified Payments Interface
  5. Mobile Wallets
  6. Bank Pre-paid Cards
  7. PoS - Point of Sale
  8. Internet Banking
  9. Mobile Banking
  10. Micro ATMs
More information
  1. NITI Aayog
  2. Digital Finance Inclusion, Awareness and Access [DFIAA]
  3. Cashless India
  4. National Payments Corporation of India
  5. DigiShala TV Channel
  1. Digital Payments [Tamil [4.63 MB]]
  2. Digital Payments Guide [Tamil [1.99 MB]]
  3. Pocket Guide for Digital Payments[Tamil 956 KB]
  4. Step by Step on Digital Payments[Tamil 1.55 MB]
  5. Cashless India [1.91 MB]
  6. USSD FAQ [946 KB]

digital payments


Payments are made using payment instruments. Cash, for example, is a payment instrument. So too are checks. However, digital payments are not one instrument but rather an umbrella term applied to a range of different instruments used in different ways.

The world of digital or e-payments has terms which may be unfamiliar to a new reader. This section provides a way of understanding different types of digital payments.** Digital payments glossary

Payments are made using payment instruments. Cash, for example, is a payment instrument. So too are checks. However, when it comes to digital payments, it can be confusing because of the range of different terms used for similar services, sometimes even within the same country

To help understand the main differences in categories which affect the functioning of payment instruments, here are two important distinctions:

  1. Whether they are real time or not i.e. whether the recipient receives confirmation that he has received funds after transmission within seconds of when the sender makes the payment, or whether it may take hours or even days for this to happen . This matters since the timing affects the ability to confirm and may affect cost; and
  2. Who initiates the payment transaction: whether the payer 'pushes' the money by entering the details of the recipient and authorizing the payment; or the opposite process, where a recipient, such as a merchant, initiates the process to 'pull' the funds from the account of the payer, based on some defined process, such as swiping the payer's card at a point of sale terminal for a card transaction. This matters since it affects the risks of the transaction to both parties. for example, how it can be reversed or disputed by a payer or payee.

These two distinctions form the axes of the Figure alongside, creating spaces in which the current common payment instruments are shown.

payment methods


It's as easy as sending photos through your phone! Through the E-Wallet money transactions are possible with Mobile or Computer:

  1. Many e-wallets are available in the market
  2. Download a wallet like SBI Buddy
  3. Register with your mobile number
  4. Link this with your debit or credit card or
  5. through net banking

Why rely on your bank, when you can bank on Aadhaar! Now link your Aadhaar card with your bank account You can then carry out. This can avail of this service at shops too

  1. Funds Transfer
  2. Balance Enquiry
  3. Cash Deposit or Withdrawal
  4. Inter-bank transactions

It is as easy as checking your prepaid balance from your phone! It is possible to transact even on a normal mobile phone

  1. Link your mobile number to your bank account
  2. Dial *99# from your phone
  3. Fill in the first 3 letters of your bank against
  4. Short Name OR first 4 letters of IFSC
  5. Choose 'Fund Transfer-MMID' option
  6. Enter the payee's mobile number and MMID
  7. Enter the amount and your MPIN, leave a space
  8. and enter the last 4 digits of your account number
  1. Register your mobile number at Bank/ATM
  2. Download the UPI app on your mobile
  3. Make your unique ID
  4. Set your UPI pin

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Banking Cards [Debit / Credit / Cash / Travel / Others]

Banking cards offer consumers more security, convenience, and control than any other payment method. The wide variety of cards available - including credit, debit and prepaid - offers enormous flexibility, as well. These cards provide 2 factor authentication for secure payments e.g secure PIN and OTP. RuPay, Visa, MasterCard are some of the example of card payment systems. Payment cards give people the power to purchase items in stores, on the Internet, through mail-order catalogues and over the telephone. They save both customers and merchants' time and money, and thus enable them for ease of transaction.

USSD - Unstructured Supplementary Service Data

Banking cards offer consumers more security, convenience, and control The innovative payment service *99# works on Unstructured Supplementary Service Data [USSD] channel. This service allows mobile banking transactions using basic feature mobile phone, there is no need to have mobile internet data facility for using USSD based mobile banking. It is envisioned to provide financial deepening and inclusion of underbanked society in the mainstream banking services

*99# service has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialling *99#, a "Common number across all Telecom Service Providers [TSPs]" on their mobile phone and transact through an interactive menu displayed on the mobile screen. Key services offered under *99# service include, interbank account to account fund transfer, balance enquiry, mini statement besides host of other services. *99# service is currently offered by 51 leading banks & all GSM service providers and can be accessed in 12 different languages including Hindi & English as on 30.11.2016 [Source: NPCI]. *99# service is a unique interoperable direct to consumer service that brings together the diverse ecosystem partners such as Banks & TSPs [Telecom Service Providers]

AEPS - Aadhaar Enabled Payment System

AEPS is a bank led model which allows online interoperable financial transaction at PoS [Point of Sale / Micro ATM] through the Business Correspondent [BC]/Bank Mitra of any bank using the Aadhaar authentication.

UPI - Unified Payments Interface

Unified Payments Interface [UPI] is a system that powers multiple bank accounts into a single mobile application [of any participating bank], merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the "Peer to Peer" collect request which can be scheduled and paid as per requirement and convenience. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform[s].

Mobile Banking

Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct different types of financial transactions remotely using a mobile device such as a mobile phone or tablet. It uses software, usually called an app, provided by the banks or financial institution for the purpose. Each Bank provides its own mobile banking App for Android, Windows and iOS mobile platform[s].

Mobile Wallets

A mobile wallet is a way to carry cash in digital format. You can link your credit card or debit card information in mobile device to mobile wallet application or you can transfer money online to mobile wallet. Instead of using your physical plastic card to make purchases, you can pay with your smartphone, tablet, or smart watch. 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. e.g. Paytm, Freecharge, Mobikwik, Oxigen, mRuppee, Airtel Money, Jio Money, SBI Buddy, itz Cash, Citrus Pay, Vodafone M-Pesa, Axis Bank Lime, ICICI Pockets, SpeedPay etc.

Bank Pre-paid Cards

Prepaid cards work on the theme of pay now and use at your convenience, very similar to prepaid mobile phone cards. All you have to do is buy a card, load it with the desired amount and the card is ready to be used. You do not require any account to use these cards.

PoS - Point of Sale

A point of sale [PoS] is the place where sales are made. On a macro level, a PoS may be a mall, a market or a city. On a micro level, retailers consider a PoS to be the area where a customer completes a transaction, such as a checkout counter. It is also known as a point of purchase.

Internet Banking

Internet banking, also known as online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

Micro ATMs

Micro ATM meant to be a device that is used by a million Business Correspondents [BC] to deliver basic banking services. The platform will enable Business Correspondents [who could be a local kirana shop owner and will act as 'micro ATM'] to conduct instant transactions.

The micro platform will enable function through low cost devices [micro ATMs] that will be connected to banks across the country. This would enable a person to instantly deposit or withdraw funds regardless of the bank associated with a particular BC. This device will be based on a mobile phone connection and would be made available at every BC. Customers would just have to get their identity authenticated and withdraw or put money into their bank accounts. This money will come from the cash drawer of the BC. Essentially, BCs will act as bank for the customers and all they need to do is verify the authenticity of customer using customers' UID. The basic transaction types, to be supported by micro ATM, are Deposit, Withdrawal, Fund transfer and Balance enquiry.