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Mobile banking enables transactions through smartphones, allowing customers to transfer money and pay bills easily. Digital payments encompass cashless transactions like UPI and cards, promoting convenience and a cashless economy. E-money and digital wallets facilitate quick payments, reducing reliance on physical cash and enhancing transaction security.

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2007shaikwaseem
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9 views2 pages

Script

Mobile banking enables transactions through smartphones, allowing customers to transfer money and pay bills easily. Digital payments encompass cashless transactions like UPI and cards, promoting convenience and a cashless economy. E-money and digital wallets facilitate quick payments, reducing reliance on physical cash and enhancing transaction security.

Uploaded by

2007shaikwaseem
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Mobile Banking

Mobile banking allows banking through smartphones.

Customers can transfer money and pay bills.

Includes UPI and QR code payments.

Provides instant and easy transactions.

Popular due to widespread smartphone use.

10. Digital Payments

Digital payments are cashless transactions.

Include UPI, cards, and online transfers.


They are fast, secure, and convenient.

Promote a cashless economy.

Widely used in daily transactions.

11. E-Money

E-money is money stored electronically.

Used in prepaid cards and digital wallets.

Allows quick and easy payments.


Reduces dependency on physical cash.

Secure and convenient to use.

12. Digital Wallets


Digital wallets store money digitally.

Used for payments, recharges, and transfers.

Examples include Paytm and PhonePe.


Easy to use via mobile apps.

Popular for small transactions.

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