#axis bank freecharge credit card benefits

[blosda]

Freecharge E-wallet for Small Transactions, Mobile Payments

What is E-wallet? 

E-wallet stands for an electronic wallet that is used for online payments (bill pay, gas payment, mobile recharge, online shopping) through your mobile or computer with a payment app. It is similar to your debit or credit cards.  

Difference between E-wallet and UPI 

E-wallet and UPI(Unified Payments Interface) both are used for instant payment. Minimum KYC is necessary when getting an E-wallet, UPI doesn’t need an additional KYC as it is already linked to bank accounts.   

UPI payments take place directly from bank to bank. Whereas you can load E-wallet through various payment modes like credit cards, debit cards, net-banking or UPI and then you can use that wallet balance for making payments or transferring money 

Freecharge UPI - introduction 

Powered by Axis Bank, Freecharge provides a very secure user experience in its UPI app. Just enter anyone’s mobile number/UPI-Id/Bank account to whom you want to send money and there is no need to reach out to the bank every time. An internet-enabled device is all you need.  

Sign into Freecharge UPI in 3 easy steps   

Register on Freecharge App 

Create a UPI id 

Select a bank to link with your account and set your pin   

Now use your Freecharge UPI (Unified Payments Interface) everywhere to make UPI payments and have a complete cashless and hassle-free experience. 

How to make small transactions and mobile payments with Freecharge 

Using Freecharge UPI (Unified Payments Interface) is easy and simple. 

There are different ways you can make UPI payments. They are as follows: 

Send Money 

Send your money to your family, friends, or anybody anytime at your will with Freecharge UPI. Follow these steps: 

First click on 'UPI Send Money'. 

Then Select the UPI payments type (SCAN Qr/ UPI ID/ Mobile Number/ A/C+IFSC). 

Enter the details of the person to whom you want to send and the amount to be sent. 

Complete your UPI payments by entering the UPI pin. 

Payment via QR Scan 

Pay with Freecharge UPI by just scanning any QR code 

Click on the "Scan any QR" icon. 

Then Scan the UPI QR code. 

Enter the amount to be paid. 

Enter your UPI pin to complete payment. 

*Freecharge is working perfectly with other QR UPI codes (Phonepe, Google pay, Paytm etc.) 

Pay for shopping, food bills and more 

At any merchant store, on the Checkout page, select the UPI option. 

Enter your Freecharge UPI ID then click on ‘Pay’. 

Now open your Freecharge app 

Click on “UPI Send Money” icon and approve the request  

Finally, enter your UPI PIN to complete UPI payments. 

Mobile recharge with Freecharge 

No need to rush to your mobile retail store. Here in Freecharge, your mobile recharge is only a few taps away with UPI payments. 

Open Freecharge app  

Click on “Mobile Recharge” icon and select your plan 

On the payment page, just select the UPI payment option  

Then give your UPI pin to complete the recharge. 

CONCLUSION 

There are plenty of benefits for Freecharge users. Freecharge doesn't claim any charges to transfer money to your contacts. Freecharge is an absolutely legit application, so you can pay your electricity, gas, and internet bills, insurance premiums and many more, absolutely worry-free. Get coupons and cashback while doing your UPI payments.

[wishfin]

It is really important for every individual to do research before applying for any credit card. The research helps him to explore many cards and decide on a card among them. If we talk about the Axis Bank Credit Cards then there is a variety of cards and they confuse the individuals to make a one-sided choice. Therefore, in this article we have discussed the difference between the Flipkart Axis Bank Credit Card vs Freecharge Axis Bank Credit Card that will clear some of your confusion. You must go through the comparison of both the cards that are based on their features, benefits, and fees. Once you find an appropriate card, you can apply for that card.

[buyfreecoupons]

Freecharge Promo Code November 2018 : Rs 50 Cashback Coupons

Are you ready to do some exciting then we are providing fresh Freecharge coupons & cashback offer for old and new users? In this post, all promo codes are 100% working on the android device. If you want to avail them all cool offers, then you will need to upgrade your Fc app or you can download it from play store. Many new features have been added to this app like Money transfer, bank to bank transfer, spin wheel etc.

You can make online shopping more fun through this app just by transacting with this app and every purchase pass cashback is available.

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Freecharge Promo Code & Offers 2018

100% Cashback on First 3 Recharge/ Bill payment. 

Use Promo code 100X3  Maximum cashback Rs 50. Valid on credit/ debit card transaction until 2nd October 2018.

20% Cashback at Zomato

Promo Code: FC20

Expire on: 30/March/2018

Offer Details:-

Offer is applicable on Zomato app or Website.

It is valid once per user.

Get 20% Cashback only when you pay from the FreeCharge wallet.

Cashback amount will be credited to Freecharge wallet within 48 hours.

10% Cashback on Prepaid/Postpaid, DTH, Data Card Recharge

Coupon Code: SDHDFC

Expire on: N/A

Offer Details:

Maximum Cashback can avail Rs 50 per transaction.

Cashback will be credited within 24 hours of the transaction.

Offer is valid 3 times per Snapdeal HDFC Bank Credit Card Holder.

The transaction should be done by Snapdeal HDFC Bank Credit Card.

15% Cashback on Foodpanda

Promo Code: PANDA15

Expire on:30/March/2017

Offer Details:

Maximum discount can avail upto Rs 60

Offer is valid once per user.

It is valid on the Freecharge wallet.

Cashback will be in form of eVoucher which will last 6 months.

Cashback will be like eVoucher which will last for 6 months.

50% Cashback on McDonald's

Order any products at McDonald's and get 50% cashback on paying via fc wallet.

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Promo Codes For Mobile Recharge

Apply Code TEN  & Get 10% cashback, max Rs 50 cashback.

Airtel Users –

RRO68RI: Get Rs 50 cash back on your first-time transaction at Freecharge.

DTH recharge offer: 

Use DTH75 promo code & get 10% cashback up to Rs 75 cashback.

5% Cashback Code 

CASHFREE: 5% cashback on adding money. Max cashback is Rs 75. (All users)

100% Cashback Code

Promo code- NC50/ HAPPY50/ FCT50/ DEC50: Rs 50 cash back on Rs 50 or more recharge / bill pay.

Freecharge New user coupon code

FREERC: Recharge with Rs 25

Postpaid Bill Payment Offer

GRAB250: Get 2% cash back, Max cashback is Rs 250.

Rs 100 CB on Rs 25

MAGIC400: Freecharge new user offers to get up to Rs 100 cashback on Rs 25 prepaid recharge. Assured cashback Rs 25.

2FC – upto Rs 250 cashback (2%) on recharge & bill payment. 3 times per user.

Rs 50 Cashback for New Users

R6SU3TS – Rs 45 cashback on minimum Rs 100 recharge. Valid for the new user. Valid for Airtel recharge & bill payment too.

Electricity Bill Payment Offer

BIJLI ( Indore & Jamshedpur) Pay your electricity bill & get 5% cashback.

Reliance Energy Bill Payment 

Code– REL75: Freecharge offers Rs 75 cash back on bill payment of Reliance energy. POWER50: Rs 50 cash back on electricity bill payment of Rs 500.

Freecharge Add Money Offer For All Users

ADD50 Use this code and get 5% cashback(up to Rs 50)and it is working on the old account. Add 1000 Rs in freecharge wallet to get the maximum benefit. WALLET Apply this coupon and get 5% cashback on adding money for all users. Maximum cash back Rs 50. Valid till 14th January 2018. RUPAY: Get Rs 50 cashback on loading Rs 250 or more. Valid for Rupay card users.

100% Cashback Offer for New User

Code: MAY50 If you a new user then recharge your mobile and initiate a recharge of Rs. 50 and get flat 50 rs cashback. Remind that, complete your transaction through debit or credit card. This offer is valid for limited period. Try your best luck!  DEC75: 100% cashback offer on recharge & bill payment. Maximum cash back is Rs 75.

*Expired* 10% CB For Old Users 

NOCASH Add money in the wallet and get instant CB on transaction and offer is valid for old account holders only.

10X: Rs 10 cashback on Rs 100 or more. ( old users)

10% CB Today on Recharge & Bill Payments (Axis Bank Users)

Promo Code: AXISFC

Expire On: 31/March/2018

Offer Details:

Maximum Cashback is Rs 30 per transaction.

Cashback will be added to fc wallet.

This coupon code is not valid on Airtel transactions.

Axis Bank Neo Credit Card Holders can avail 100% Cashback on Freecharge wallet

Get Up to Rs 5000 Off on eBay India

Promo Code: FCEBAYNY09

Expire On: 30/March/2017

Offer Details:

It is valid on eBay India app or website only.

Cashback will be credit within 2 working days.

The transaction should be done via Freecharge on eBay and get 9% CB.

It is Valid once per user.

Rs 20 Cashback on Rs 20 Recharge 

Promo Code: CS20

Expire On: 31/July/2018

Offer Details:

Valid on Minimum Recharge of Rs 20

It is Valid on Credit/Debit card/Netbanking/FreeCharge Balance & UPI transaction.

Offer valid on FreeCharge App, Web & mWeb.

Cashback will be credited to your FreeCharge Wallet which can be redeemed within 185 days from the date of credit and is non-transferable.

All your payments on FreeCharge come with amazing returns. Get Rs 20 cashback on your next Recharge/ Bill payments and stay FreeCharged!

Freecharge Jio Coupons 

COUPONDESCRIPTIONBBFRCH500Get 20% (max 200 rs) cashback on 1st BigBasket orderBMSFCBook movie at BookMyShow (First time only) and Get 50% (max Rs 125) LUCK10010 Lucky users will get 100% cashback dailyLL5050 CB on landline bills above 500 RsJIO30 Rs 30 cashback on 50+ jio top-up.TAPFC Get 25% Tapzo credits on first food order (pay with freecharge at checkout)NEWFC75 off on 1st swiggy order on paying with freechargeFC40Use Freecharge app at Foodpanda app and get 40% off (max Rs 75) 25BILL5% (max 25 rs) cashback on bill paymentsGet SlideUse slide app & earn freecharge money1MINUTEOne lucky winner will get 100% cashback every minutePOST405% cashback upto 40 on postpaid billsPOWER5% cashback upto 50 on electricity billsFCEBAYNY09Get 9% discount on Paying via Freecharge wallet

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Freecharge Wallet Go Master Card Offers

Foodpanda - Get 20% Cashback (Working 2 times only) and Max CB is 75 Rs

HP Petrol Pump - Just Pay at HPCL and get 10% CB with freecharge wallet. Working 4 times only and max CB is 25 Rs

OyoRoom - Use code OYOFCG to get 10% CB. Valid on first time only and max cb is 100 Rs.

BookMyShow - Pay through Freecharge wallet on BMS and get 10% CB on every Thursday to Sunday (working the first time) Max CB 100 Rs

McDonald's - 10% CB (4 times) 25 Rs

Cinepolis - Avail 10% CB Unknown

Redbus - 5% CB Unknown

CCD - 15% CB on minimum bill of 350 Rs (Max CB 100 Rs)

How to Get Cashback on Adding Money to Freecharge Wallet

First of all, visit Freecahrge.in or download the app

Now Create a new account to log in to the old account.

On Homepage, Click on the Add money option

Then Add money to Freecharge Wallet.

Now apply promo code from above to avail the offer.

After that, Complete the payment process using Debit or Credit card.

Bingo! Cashback will be added to Freecharge wallet.

If you have any doubt or suggestion regarding post so please comment below, we will happy to solve your problem

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Essential things to know about Neo Axis Credit Card

The credit card has to be one of the major requirements in today’s world. Especially when it comes to online shopping then customers are now relying on the mode of easy payment option with Neo Axis credit card. The card contains an amazing set of welcoming gifts that are availed by the users. There are also chip and PIN credit card that can be enabled in order to secure and prevent any fraud action.

Benefits and Features of Neo Axis Credit Card

Axis Bank offers amazing discounts for their Credit Card users such as:

There is a BookMyShow voucher as a welcoming gift that cost INR 200.

It also has a Jabong voucher that cost INR 500 as a welcoming gift.

For the mobile recharge, online shopping, movie tickets, etc. there is 10% off round a year.

Every time get an off of 10% on Myntra, BookMyShow, Freecharge, etc.

There are multiple options that allow transaction on purchases of EMI that worth INR 2,500 and above.

For the partnered restaurants, there is an off of a minimum of 15%.

The Axis bank credit card payment also includes 10% off on Myntra every time when purchasing a minimum INR 500 products.

There is zero lost card liability that safeguards cardholder for extra protection to the user. In case, the card is used in an unauthorized manner then the user doesn’t have to suffer due to it. However, it is essential to report for any misconduct immediately to avoid such issues.

For every bus reservation, there is an off of 10% on redBUS with INR 100 monthly benefits.

There are eDGE loyalty rewards for cardholders on credit card worth INR 200. The accumulated rewards can be redeemed for 500 rewards and above.

Documents Required to apply for Neo Axis Credit Card

The Neo Axis credit card requires these following documents during the time of registration.

Mandatory - Form 60 and a color photograph

Income Proof - Form 16, latest payslip, income tax return copy, etc.

Residential proof - The Electricity bill, ration card, passport, landline telephone number, etc.

Identity Proof - Driving license, election voter card, passport, aadhaar card, PAN Card, etc.

Frequently Asked Question Axis Bank Credit Card

What are the ways to limit the Neo Axis Card?

It actually depends on the Axis bank as per the risk behavior and spending pattern of the user. They will decide whether the limit of a user should be increased or decreased. But to know better insight on stats, one can get in touch with customer care.

What is the eligible income amount in Axis Bank Neo Card that one must have?

There is no minimum income limit to own Axis Bank Neo Credit Card. However, there are eligibility criteria that must be kept in mind that changes with time.

Can I link my Axis bank credit card payment with my bank account to automatically make payments?

Yes, it is possible with the help of standing instruction on the bank account. It will give a better hold on timely payment. On top of that, one can set the range for minimum and the maximum payment for a credit card.

[openwebsolutions]

Google launcher Tez-VS-Paytm wallet apps - The battle of Digital Payments

New Post has been published on http://blog.openwebsolutions.in/google-launcher-tez-vs-paytm-wallet-apps-will-win-game-digital-payments/

Google launcher Tez-VS-Paytm wallet apps - The battle of Digital Payments

No doubt that Google is enhancing its hand in almost every sector starting from AI or smart cars to retail marketing, from all kind of restaurants to travel agencies Google is everywhere. Google Tez is one of the latest entrants in the mobile payment applications in India. The Google Tez payments app has been designed to make it easier for the users to transfer money which they made a foray into the mobile payment industry. It started a cold war between the houses of Google and Paytm Wallet Apps to tap a $500 billion industry.

There was hush-hush in the Indian market about the possible launch of Google’s Tez application to make the digital transaction more simpler. When Google announced the launch of Tez, it makes a major blow to the apps like Paytm wallet.

The mobile app (TEZ) is supported by India’s Unified Payments Interface (UPI) backed by the National Payments Corporation of India (NPCI).  A user can be able to make instant transactions without any charge. There are various more features and comparisons of the Tez mobile app with Paytm wallet app given below which is going to change The Game of Digital Payments in India.

The main concern is that it is not easy to compare directly between these two apps because the way they work is different, though both enable e-payments. So, to get the right answer to the major question which one is better — Google Tez or  Paytm, you first give a quick look at how the two apps work.

  The Google Tez can be found on the Play Store and on iOS devices. Tez is not going to store your money. Instead, Google Tez connects to your bank account using Indian government Unified Payment Interface (UPI), which is an interface that allows money to be moved from almost any bank account in India to any other account immediately and in real-time. All you need to link your mobile number to make direct payments from your bank accounts. There are over 50 banks which are the part of UPI, including big banks like Axis, SBI, HDFC, and ICICI. If you have an account in any of these banks, you can easily connect that account to the Google Tez app. You do not need an account number and IFSC code of that bank. The phone number will act as a Virtual Payment Address. Then, whenever you want to make a transaction and if you have money in your account your payment will be done by filling up the details of the recipient. Thus by launching Google Tez, mobile wallet app developers have a chance to fish in this large market.

But on the other hand Paytm is different. It doesn’t use UPI. When one user installs Paytm – an online mobile app, its mandatory to create a Paytm account. This account then becomes an e-wallet where a certain amount of money (the monthly limit for regular users is Rs 20,000) can be deposited. This e-wallet needs to be recharged using a debit card, credit or through Paytm authorized recharge points when e-wallet money is finished. When you make the payment through Paytm, the money doesn’t move from a bank account to another bank account rather it moves from a Paytm e-wallet to other Paytm e-wallet. Of course, this money can then be moved to a bank account but a Paytm user has to follow a separate procedure for that which differs with Google Tez.

The internet search giant is eyeing on India’s digital payment pie. With the use of Tez, you can pay for movie tickets, bills, DTH to various fees, just as you pay with apps like Paytm wallet. Already, Tez has partnered with RedBus, PVR Cinemas, Domino’s Pizza, DishTV, and Jet Airways which would accept payments via Tez. All these mobile payment apps however it is Google Tez or Paytm, it is sure to say that those help to make India as well as the whole world cashless and digitalized.

Why Google Targets to make India cashless?

India is rapidly turning into a lucrative market for the payment sector. Government is pushing for a cashless economy to curb the flow of illegal money and stem corruption. With the demonetization back in November 2016, The volume of digital transactions jumped from 1.3 million to 3.2 million now and is expected to touch 5 million by the year-end,.According to a report on digital payments in India, total payments via digital instruments are expected to touch $500 billion by 2020.  That accounts for 15% of the country’s total GDP!  

Now you can understand why apps like Paytm wallet or Tez is gearing up to match the shift in consumer habits and enhances infrastructure. By 2022, 80% of India’s urban population is expected to adopt digital payments. With an estimated growth in infrastructure and 5 Point of Sale (PoS) machine by December 2017–70% of the retail will be adopting the apps like Paytm or Tez.

Indian payment industry will be expecting to touch worth $500 billion by 2020 

According to 2017 report of RBI, a staggering sum of 41.3 billion INR exchanged using UPI platform in August compared to 27.2 billion with mobile wallet application development. But as per transaction UPI scores 16.6 billion and mobile wallet application development scores 89.7 million.

The Game of Digital Payments Begins

When Indian audience was engaged themselves in the TV to watch the epic war-series, Game of Thrones and so on – Google and apps like Paytm wallet were gearing up to begin a new battle.“The Game of Payments.” with Tez Google joins India’s growing e-payment market which is ruled by the other apps likes  BHIM, Paytm, Freecharge and PhonePe. Although it might be tempting to say that the Tez is yet another payment app at a time when so many companies, as well as government organisations, are trying to make India cashless. Google Tez and the Paytm Wallet app has some unique features. But the big deal with the Tez is that it is a Google app and it has the full force of Google’s money and resources behind it where Paytm is also very trustful digital payment app which can be installed from play store in any kind of your android smartphone or iPhone. So Tez, the greatest mobile wallet application, is a sheer threat for the current leader Paytm and other players like MobiKwik, PhonePe etc.

Benefits of using E-wallet like Tez or Paytm

 The plastic money transfer app Paytm has set a good wallet limit for KYC customer (25k) & Non-KYC customer (20k) both. It transfers money from one account to another account at any time at nominal charges (currently 2.04%), though Google Tez does it with no charges facility. Especially the most interesting feature is that if you have made any transaction through Paytm you can easily get back your money in Paytm wallet in case of product cancellation at partners store as it is refundable.

      Google says that Tez app is not behaving like Paytm. According to Techcrunch, Tez sets the limit of Rs. 1, 00,000 on the transaction amount in a day and up to 20 transactions in a day. Tez is also offering a separate Tez Business App, for business users with a limit of Rs 50,000 per month with UPI and without any fees. (After one crosses this limit they will be charged.)

       Again, you can also pay someone with the Tez app even if he or she has not installed it, but has a valid UPI address. You just need to add the address of the person’s UPI to confirm your payment is done. On the other side, Paytm wallet app has not yet those facilities. Though RBI has been open up to them, the kitty has not been out of the bag.

Security is Something that Comes First

Users first need to download the Google Tez app. After getting started, one has to link the bank account with the same phone number or sync it with the Google Account. Then you need to enter the phone number at first. Here you need to set up a Google PIN, which is required every time you open the application. Google installed a ‘Tez Shield’, which is a multi-layered security feature and ensures data security on the app. The company says “The Tez Shield works 24/7 to help detect fraud, prevent hacking, and verify your identity. Each transaction is secured with your UPI PIN and the app is secured with a Google PIN or your screen lock method such as fingerprint”.  It is also noted that in case something goes wrong, customer support is almost provided here. But with Paytm, you cannot link up a bank account with protection like fingerprints or pattern lock, except those OTP verifications.

Payment and Cash Mode

Apart from this, there is another new feature that Google has introduced. While a lot of other UPI-based apps are present in the country, Google has offered a totally new feature in Tez. This includes ‘proximity’ payments. This feature enables users to carry out ‘cash’ transactions. There are two types of digital payment modes in Tez app — cash and payment mode. The major portion of the app is covering with the option ‘Tap for Cash Mode’. On tapping, you get two options — Pay and Receive. You can select whether you are making a payment or receiving a cash. It will look for devices nearby and will show the details of the person. This basically means that users need not reveal their mobile number nor their bank account details. All you need to do is click on the ‘Cash’ button in the Google Tez app and follow the instructions. The cash transfer feature can be compared with the ‘Bluetooth’ sharing system. This type of a system is currently unavailable on most of the smartphone apps.

                       As for payments you can add contacts on your phone if they have installed and registered your account on Tez or have a valid UPI address. It will help you to make payments or ask your friend for money from any corner of the world even if there is no availability of any banks. Indeed mobile wallet app developers who worked on apps like Paytm does not come with such verities options.

Options like Rewards and Offers

To make sure that more people fall for the app, Tez is offering you and your friend, who is not in touch with this app still now, with Rs. 51 after downloading the app. This amount will be paid when your friend makes their first payment. You can invite and add as many people you want, but the offer is limited to April 1, 2018, and Rs 9,000 in one year. Also for the first week, for every payment above Rs. 50, you will get a scratch card so that you may win a lucky draw of Rs. 1 lakh every week. You will also get this Tez Scratch Cards (TM) in the app and can win up to Rs. 1000 for every eligible transaction. Paytm is also here to offer you such rewards and coupons. By making every transaction through Paytm you can also find cashback offers.

App with Multi-lingual Support

To grab a huge share in the digital payment industry of India, Tez strikes the national chord of sentiments. The mobile wallet app developers have worked to support several numbers of Indian languages such as English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu. That gives an essence of a particular app made for the natives and it is obvious that sending money to become easily understandable.

Which one should I chose

Given the fact it is clear that both Tez and Paytm work differently, you will have to decide which one will be more useful and effective payment mode for you. Right now Paytm has an advantage when it to comes to e-payments. It is accepted in more places and is really convenient. Nowadays more business companies are using it and hence you can make payment at more shops and services using the Paytm app. But on the other hand, if you primarily want an app to share money with your friends or transfer your money from bank accounts to other accounts, then the Tez works better in this field than Paytm.     

And since Paytm enjoys a lion share in the market, it is still in a safe position and might not worry about losing its foothold. But Google Tez launched some new features which you cannot overlook. Paytm confirmed earlier in the month of May that they will roll out UPI based payment in August, but yet there is no confirmation from their side. Even the recent news from Digit also tells that Google Tez may support ‘pay by Aadhaar’ soon! So it’s the time to pull the breakers.

Hope Paytm is hearing the alarm and will be soon in the game with some new actions! Overall, UPI does seem like the future of e-payments in India. So it is possible that in future Tez if it keeps up, may go past Paytm. But right now, Paytm is a more useful e-payments app.

So if you have any idea about on building such a kind of apps or want to join the league in the battle for digital payment in India. Contact our sales team – sales@openwebsolutions.in.

[upi-upiapp-blog]

UPI- Towards a Cashless Future!

What is the first thought that comes to your mind when you hear the term ‘cashless’? Probably you would refer to use of tools such as Online Banking, E-wallets, credit and debit cards etc. Well if you are not a person who spends a lot of time getting his/her attention diverted to what is happening in the finance world. So, here we are to update you with this little modification in the finance world. A system announced by the National Payments Corporation of India (NPCI) along with the joint efforts of RBI governor Dr. Raghuram G. Rajan on 11th April 2016  known as UPI (Unified Payment Interface).

 Now, it brings us to the question: What is this UPI? What is the government trying to prove with this new modification? It is a step which is towards the agenda of a ‘cashless’ future. Let us have a look at it.

Unified Payment Interface i.e. UPI is a system designed to compile all the banking transactions into a single mobile application. It runs on the platform known as Immediate Payment Service (IMPS). It gives the allowance to a customer to transfer money between two parties. Not only this but also it allows the customer to pay directly online as well as offline without the issue of typing the credit card details., IFSC codes and Net Banking/ Wallet passwords. In this article we would uncover its uniqueness, effects on economy, its components, its participants and its future estimations along with other queries.

 What are the Components of UPI?

 The UPI is a system which has got basically two main components:

 Virtual Payment Address

MPIN

Virtual Payment Address:

UPI came up with this innovative idea of ‘Virtual Payment Address’ (which will look similar to this for example if a person is an account holder in HDFC bank then his address would be displayed as ‘razorpay@hdfc’ for e.g.).You need to provide your merchant this number and they may store this against your payment details. As a result, the confidentiality is maintained.

 MPIN:

In earlier days 2FA was used by the RBI. But the way of operating the online transactions has changed. A MPIN is given to a banking customer as they register for Mobile Banking support. Chances are you have one already, but you have never used it. Cards come up with flaws such as type on phones and transmitting the data can bring up security issues. UPI removes all of these issues.

 The Participants of UPI

 Further moving to the participants of the UPI it has got the following participants:

 Payer PSP

Payee PSP

Remitter Bank

Beneficiary Bank

NPCI

Bank Account Holders

Merchants

Many of you might not know what are PSP and NPCI. Let’s have a look.

 What is PSP?

 In current times, UPI provides all banks to be registered as a Payment Service Provider (PSP). This has a clear inference that they can run their bank accounts and further include the e-wallets too.

 What is NPCI?

 NPCI is the abbreviated form of National Payment Corporations of India. They run into a lot of the payment infrastructure of India, including the issue of RuPay Cards and also making sure that you can easily withdraw money from any of the ATM’s irrespective of the bank account you hold.

 Also to remove further queries let us shower light on the part which is mostly asked consumer questions.

What is the Per Transaction Limit?

The per transaction limit in the UPI is INR 100,000.

 What kinds of transactions are included in the UPI?

Merchant payments, remittances, bills payments alongside other transactions.

 Which banks are included in the UPI?

The UPI has a tie up of 19 banks in India including Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Catholic Syrain Bank, DCB Bank, Federal Bank, ICICI Bank, TJSB Sahakari Bank, Oriental Bank of Commerce, South Indian Bank and Yes Bank.

 How does the UPI work?

 User downloads the application from the App Store, Banks Website.

User creates his/her profile by entering details like name, virtual ID (payment address), password etc.

User goes to the ‘Add/Link/Manage Bank Account’ options and links the bank account number with the virtual ID.

User selects the bank account from which the transaction needs to be initiated.

Then he clicks on the below options

Mobile Banking Registration/Generate MPIN

Change M-PIN

Mobile Banking Registration/ Generate M-PIN:

User receives a OTP from the issuer bank on his mobile number

User provides with his/her 6 digit debit card number and expiry date

Then the user provides the OTP along with his/her preferred numeric M-PIN and clicks on submit

Change M-PIN:

User submits the old M-PIN and preferred new M-Pin and clicks on submit.

He/she receives a confirmation notification of success and failure.

Effects of UPI on the Indian Economy

 Benefits for Banks:

 Single click two factor authentication

Universal app for transaction

Leveraging existing infrastructure

Safer, secured and innovative

Payment basis single/unique identifier

Enable seamless merchant transactions

Benefits for End Customers:

 Round the clock availability

Single application for accessing different bank accounts

Use of virtual ID is more secure, no credential sharing

Single click authentication

Raise complaint from mobile app directly.

Benefits for Merchants:

 Seamless fund collection from customers- simple identifiers

No risk of storing customers’ virtual address like in cards

Tap customers not having debit/credit cards

Suitable for e-commerce and m- commerce transactions

Resolves the COD collection problem

Single click 2FA facility to the customer seamless PULL

In app payments (IAP)

Apart from all of this let us look at what is the thing that is making the UPI so unique in its own way.

 USP’s of Upi

Immediate money transfer through mobile device around the clock 24*7 and 365 days

Single mobile application for accessing different bank accounts

Single click 2 factor authentication- aligned with the regulatory guidelines, yet provides for a very strong feature of seamless single click payment.

Virtual address of a customer for PULL and PUSH provides incremental security with the customer not required to enter the details such as Card No, Account number, IFSC etc.

Bill sharing with friends

Best answer for COD issues, running into the ATM and getting the same amount out of the ATM

Merchant payment with single application or In-app payments

Scheduling PULL and PUSH payments for various purposes

Utility Bill Payments, over the counter payments, Barcode (scan and based) Payments

Donations, Collections, Disbursements Scalable

Raising complaint from mobile app directly

Now, we have got a deeper picture of what is UPI all about and what is the working for now let’s estimate about its success in future. On hearing about the future the first question that comes into our mind is:

 What will happen to the mobile wallets?

 For now, wallets are not included in the Upi at all which means it is just a cross bank transfer medium. Hopefully, a lot of merchants will start accepting payments through UPI instead of using the wallets we currently have. Also, the big players like PayTM won’t have any affects but the minor players in the market can face issues players like Freecharge, Mobikwick, Oxigen and Citrus Pay.

 The other effects in the future that can be estimated are as follows:

 The public sector banks are likely to face the trouble as they are not adaptive to the new technologies emerging in the market of digital payment portals.

 The study of Boston Consulting Group and Google shows that the total digital payments in India are about to rise in the near future about a factor of 10 by 2020 and also by 2023 it is estimated the digital transactions will overtake the cash transactions.

It also gives us the insight on the number of wallet users have surpassed the number of online banking users. Also it shows, the number of wallet users is three times the number of credit card users.

 Most people would be awaited to look at the opportunities presented by the bank as the small business will find it difficult to obtain a credit card but for them borrowing a loan will be made easier.

 As the transactions are digitally recorded the chances are people won’t be able to hide money resulting into the ample amount of tax collections. This will further drop down the rates of the taxes in the future.

 It will also change the mindset of the people towards the risk and investments

 According to RBI, the 18% of country’s GDP is cash flow in the economy, so for the Upi to turn into success the main focus should be the mobile penetration in the economy.

 Still it is a benchmark for the economy and many more to achieve.

 Source: http://bit.ly/2nuySKB

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Grofers Coupons 2018 : Rs 100 Promo Code

Grofers is online grocery supermarket. Where you can buy many products like fruits & vegetable, flowers, grocery, beauty & care many more things. You can choose from over 5,000 product at the very low price. We are providing here Grofers coupons, so apply it on the checkout page and get maximum discount.

New Offer: Get Rs 200 instant Discount on applying promo code HDFC200 (Min order value Rs 1500)

Latest Grofers Coupons 2018

100% Cashback on First order only(Fruits & Vegetable store) - FREST100 OR FV100

Get 20% CB on 1199 Rs - BBF20

Avail Rs 200 Off on Rs 1500 (Standard chartered card users) - SCB200

Get 20% Cashback at Grofers.com (3 times only) - KWIK20

Pay via Freecharge wallet to get 20% grofers credits - FC20

Flat 20% Supercash on 1000+ order - MOBIKWIK

Pay using HDFC card & Get 150 cashback on 2000 rs shopping - HDFC150

Order worth Rs 1500 to get 20% cashback on first 3 transaction - GROFERS20

Grab 5% Cashback on 2000+ order - SUPER5 or SUPER7

150 CB on 2000 Rs - CLUB150

Rs 250 off Promo code (RBL bank credit card only) - RBL250 

Pay via HDFC Bank Card to get instant discount-

200 Off code- HDFC200

150 off code- CLUB150

50 off code- CLUB50

September Offers & Promo Code

HDFC Bank Offer

Transact through Hdfc bank card to avail Rs 200 off on 1500 - HDFC200

Paytm Wallet Offer

Get flat Rs.100 cashback on min order 2000. Just pay using paytm wallet and after the successful transaction, 100 rs will be credited to your paytm wallet within 48 hours. Offer can be redeemed 2 times only on new account/per user. Don't forget to apply promo code (PAYTM) to avail cashback.

Flat 10% Discount Code

SALE10 : Code is applicable one per month (Max discount : 500 Rs)

BUY10 : Max discount can avail 100 Rs.

or apply another 100 off coupon code : ||SAVE10|| ||EVERY10||

100 Rs cashback on 2000+ shopping

Use promo code SALE100 and get benefit your account.

You can also use SALE50 to get 50 Rs cashback on 1500+ Rs order.

15% Cashback Coupon

Use code ICICI15 on grofers app and shop for Rs 1500 to get 15% cashback.

Offer is valid once per month.

Max CB can avail Rs 300 in a month.

Offer is valid on ICICI net banking transaction and working on every weekend of the month.

Rs 250 Cashback on 1500

Apply code SBI250 to get Rs 250 cashback.

Minimum order value Rs 1500.

Payment should be done via Sbi credit card.

Offer is not valid on the first weekend of the month.

Grofers Mobikwik Wallet Offer

We have updated promo code for mobikwik old and new user. Now all of you use mobikwik wallet at the time of payment and get discount of Rs 150. This offer is valid on a minimum amount of 2299 rs

Promo Code For Jio Users

A new user can avail Rs 225 cashback on the shop of Rs 1000 or more by applying code JIO225

20% Cashback For New User

Shop any food item on Grofers.com and get 20% CB. Best thing is that, no minimum amount required to avail this offer and valid for the only new user only.

25% Cashback Coupon

Use code RB25 to get 25% cashback.

Offer valid on Grofers app only.

Enjoy your shopping with a heavy discount.

10% Cashback Code

Promo code: EXPRESS10

Max cashback amount is 200 Rs.

Old Customer can use GROFERS10 to get cashback on 1st, 3rd, 5th order and max CB is fixed 100 Rs.

RBL Bank Offers : 250 Rs Off

Use code RBL250 to get 250 Rs off.

Offer valid on all purchases of groceries.

Working on a mobile app and website.

Get from superstore using RBL bank credit/debit card only.

Flat 5% Cashback on All Orders

GET : Get min 25% off + flat 5% cashback on all products at grofers. Minimum cart value should be Rs 1500.

Grocery Sitewide Sale: Get Up to 50% Off 

GROFERS20 : Use mobikwik wallet for payment and get max 250 Rs grofers cash.Applicable for the new user only and get 25% extra via Axis Bank Credit/Debit card. 

Axis Bank Offer : Flat 15% Off on 1500

Coupon code : AXIS15 Details: Minimum order of Rs 1500 is needed & max cashback is capped at 300 Rs per customer per Wednesday.

Get Personal Care Products @100 Rs Off

CARE : Buy any Products @Personal care store + get free engage deo with each order.

Get First 3 Orders with 150 Rs Cashback 

Coupon || GROFERS15 || get upto 150 rs CB on first 3 orders (max 150 rs)

5% Off on Food and Grocery Store

Use coupon ||FOOD|| ||GROCERY|| and save upto 100 Rs.

Get Up to 40% discount (City-wise)

New paytm use can avail 20% cashback (max 100 rs). Offer is valid till 30th November 2015.

Get 20% addtition discount using these codes:

BEN20 : Bangalore users

CHN20 : Chennai

JAI20 : Jaipur

HYD20 : Hyderabad

AMD20 : Ahmedabad

BMP20 : Pune and Bombay

LKO20 : Lucknow

KOL20 : Kolkata

Final Words

Grofer is low-price online store where you can buy best products at cheap rate.Choose your product like grocery, fruits & vegetable, beauty & care, houehold & baby care and lot of things.Just order with Grofers.com and get your order at your doorstep.

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