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[Blaka]

Digital wallets and prepaid payment tools from these institutions let you do lots of transactions, like buying things and paying bills, all without using physical money.

The Unified Payments Interface (UPI), run by the National Payments Corporation of India, is a big deal. Electronic money institutions are a crucial part of it. UPI makes it possible to quickly transfer money between banks using mobile devices, pushing for cashless transactions and making financial services more accessible.

These electronic money institutions also team up with government programs like Direct Benefit Transfer. This helps subsidies and welfare payments go straight to people's digital wallets. It not only makes the system more secure but also encourages using digital tools for money matters.

 

[IB DD]

It is not uncommon to see everyday retail outlets in India accepting payment for goods and services through digital methods powered by Electronic Money Institutions. The coverage of EMIs into rural areas of India has also helped the dwellers to be less dependent on cash for transactions.

 

[arunima25]

Indian government has been pushing for cashless digital transactions and encouraging it on every platform. It's a huge success in the country. And it's a tight slap on the face of those who criticized it and felt that it won't be practical and possible for a developing economy like India. There has been a rapid acceptance of digital transaction across all the socio economic classes

 

[IB DD]

Indian government has been pushing for cashless digital transactions and encouraging it on every platform. It's a huge success in the country. And it's a tight slap on the face of those who criticized it and felt that it won't be practical and possible for a developing economy like India. There has been a rapid acceptance of digital transaction across all the socio economic classes

The sheer convenience provided by EMIs and digital transactions are enough reasons for it to be a massive success anywhere in the world. Even in my native Nigeria, digital payments have taken over. There was no doubt that India would embrace digital payments.

 

[arunima25]

The sheer convenience provided by EMIs and digital transactions are enough reasons for it to be a massive success anywhere in the world. Even in my native Nigeria, digital payments have taken over. There was no doubt that India would embrace digital payments.

Here in India, the internet charges are minimal. It must be amongst the lowest in the world with some of the best world class service providers. Internet and smartphone have reached to the remotest place and across every economic section. It's a blessing that we get world class Internet quality in the least amount. Even a poor street vendor is able to take advantage of digital payment. India is moving fast towards cashless transactions.

 

[Deyiang]

Cashless transaction is very good, we know when a particular innovation comes it is always had for people to embrace it because so doubtful heart or the people may not understand how the whole program works.
But has times passes by people started to gain more knowledge the whole thing has become an house hold name.
today everybody wants to use mobile phone to carry out their transaction irrespective of way you reside