Temple & Panchayat Digitalization: Worldline PoS Devices Leading the Way

 

NIC (National Informatics Centre), the Government of Tamil Nadu, and Worldline are teaming up to digitize small donations at Tamil Nadu temples, ranging from INR1 to INR51.

Worldline plans to introduce POS machines for digital donations, potentially replacing the existing QR code system.

The hope is to bring UPI Tap & Pay to Tamil Nadu temples from Day 1.

 

In a groundbreaking collaboration, NIC, the Government of Tamil Nadu, and Worldline are embarking on a pilot program aimed at ushering in the digital era for small-value donations made by devotees at temples across Tamil Nadu.

These donations, ranging from INR1 to INR51, are a significant part of the temple culture and worship practices.

 

Public information suggests that Worldline intends to revolutionize the process by deploying POS machines within Tamil Nadu temples, providing devotees with the option to make digital offerings.

This move represents a potential shift away from the conventional QR code collection method, and it's poised to enhance the overall experience of temple donations.

 

As an advocate for seamless and modernized transactions, I fervently hope that UPI Tap & Pay becomes an integral part of the payment mode right from the outset at Tamil Nadu temples.

This would not only streamline the donation process but also offer devotees the convenience of quick and secure digital payments.

 

Moreover, it's worth noting that the current limit for UPI Tap & Pay stands at INR 50/-. This generous limit is a great incentive for devotees to explore the ease and efficiency of UPI Tap & Pay, ultimately contributing to the joy of making digital donations.

 

Introducing BOSS - Business Ka One Stop Shop, an ingenious solution by Worldline that transcends the boundaries of traditional payment processing. With BOSS, you can truly take charge of your business operations and manage them like a true BOSS!

 

Worldline India stands as your ultimate destination for all your payment requirements, offering an extensive range of services that encompass in-store payments, online payments, omnichannel payments, as well as issuance and acquiring solutions.

 

Drawing upon over two decades of payment expertise, Worldline India has solidified its position as the preferred partner for an array of institutions, including leading banks, retail brands, e-commerce enterprises, NBFCs, insurance companies, startups, and SMBs across India.

 

Wordline's  comprehensive approach covers the entire payment value chain, ensuring seamless end-to-end processes that cater to the needs of over 1.5 million merchants spread across 5000 towns and cities.

 

Now, let's delve into the incredible advantages of Worldline BOSS-enabled Smart Android POS Terminal:

 

🌟 Fully Touchscreen with a Brilliant Display

BOSS boasts a user-friendly, fully touchscreen interface with a bright display, ensuring ease of use and efficiency.

 

💳 Accepts All Payment Types- Experience flexibility like never before with BOSS, as it readily accepts various payment methods, including credit and debit cards (swipe, dip, and tap), EMI options, UPI payments through popular apps like GPay, Paytm, PhonePe, Sodexo, and more.

 

🔊 Sound Notifications - Stay informed at every transaction with sound notifications, providing you with real-time updates and peace of mind.

 

🖥️ Seamless Integration - BOSS effortlessly integrates with your existing billing software, eliminating any compatibility issues and streamlining your operations.

 

📡 4G and Wi-Fi Support - Experience uninterrupted connectivity with 4G and Wi-Fi support, ensuring that your business remains up and always running.

 

🔋 Longer Battery Life - BOSS is designed to keep pace with your business demands, featuring a long-lasting battery that won't let you down.

 

📄 E-Chargeslip for Your Customers - Enhance your customer experience with e-chargeslips, providing a modern and convenient way for your customers to keep track of their transactions.

 

 💼💪🌐 #BOSS 

#WorldlineIndia 

#SmartPayments 

#BusinessSolutions

 

Read more at _ Worldline in India gets into Direct Acquiring to expand its in-store payments business @ https://in.worldline.com/news/worldline-in-indi-gets-into-direct-acquiring-to-expand-its-in-store-payments-business

 

 

Disclaimer: The global landscape offers abundant opportunities for small-value digital contributions.

In this blog post, I aim to advocate for the sheer delight of secure electronic payments.

Please note that the views expressed here are entirely my own, and they neither exceed nor fall short of my personal perspective.

PhonePe – When will you enable UPI Via RuPay Credit Cards at your merchants?

 PhonePe – When will you enable UPI Via RuPay Credit Cards at your merchants?

**Revolutionizing Payments with RuPay Credit Cards on UPI**

In today's fast-paced digital age, seamless and secure payment solutions have become essential for both consumers and merchants. RuPay Credit Cards on UPI are set to transform the credit card experience, offering a host of benefits to users and businesses alike.

          "Unlocking the Benefits of Linking RuPay Credit Cards with UPI"

Discover how to link your RuPay credit card for UPI payments on PhonePe with these simple steps:

1. Start by tapping your profile picture on the PhonePe app's home screen.

2. Navigate to 'RuPay Cards on UPI' in the payment settings section.

3. Select the bank that issued your RuPay credit card and tap 'Proceed to Add.'

4. Enter the last 6 digits of your card number and set your UPI PIN.

5. Verify by entering the OTP sent to your registered number.

6. Choose a new UPI PIN (4 or 6 digits).

7. Re-enter the UPI PIN for confirmation.

However, please note that while these steps facilitate the linking process, PhonePe has not yet enabled RuPay Credit Cards for offline merchant transactions.

PhonePe's Business Solutions for Offline Merchants: Join the 3.5 crore stores already benefitting from PhonePe's innovative payment solutions. Whether you run a small kirana store or manage a large supermarket or showroom, PhonePe has you covered.

          PhonePe's mission is to make life easier through seamless cashless transactions, and PhonePe is dedicated to tailoring a wide range of payment solutions to fit merchants' unique business size and sales volume.

 

Yet, the lingering question remains: Why hasn't PhonePe enabled RuPay Credit Cards for its offline merchants?

 

Additional Reading: PhonePe becomes first payment app to link 2 lakh Rupay credit cards to UPI dt:May 25, 2023 @ https://www.cnbctv18.com/personal-finance/phonepe-becomes-first-payment-app-to-link-two-lakh-rupay-credit-cards-to-upi-16767201.htm

Link to my blog @ https://innovationinbanking.blogspot.com/2023/11/request-to-lulu-hypermart-unlock-power.html

 

Disclaimer: I'm solely focused on promoting the joy of Safe ePayments through UPI, without any affiliation to specific UPI payment apps.

Let's grow the ecosystem together.

  

 

 

Presenting open by Axis Bank - AXIS MOBILE is Now open!

The Best of AXIS is at Your Fingertips: Presenting open by Axis Bank - AXIS MOBILE is Now Open!

In this blog post, we'll explore the exciting world of open by Axis Bank and the rebranded AXIS MOBILE app, where all your banking needs are just a touch away. Discover the convenience, security, and innovation that Axis Bank has brought to your digital banking experience.

 

Axis Bank has unveiled 'open by Axis Bank,' its digital banking initiative, as part of the Open 2023 campaign, showcasing the top 15 features of their digital offerings.

This move represents the bank's ongoing transformation into the digital space, emphasizing its commitment to a personalized and hassle-free digital banking experience.

The introduction of this mobile application underscores Axis Bank's shift toward enhanced digital services.

The AXIS Bank OPEN App provides a wide range of Pre-Login and Post-Login Features, making it a versatile digital banking tool.

One of its standout Pre-login Features is the Recharge option, which is particularly innovative and user-friendly. This feature is designed for both IOS and Android devices, and it allows users to recharge any mobile number directly from their contact list without the need to log in. Users can simply select a mobile number from their phone's contact list or manually enter the number they wish to recharge. After entering the recharge amount and confirming it with their mPIN, the recharge is swiftly completed, streamlining the process for added convenience.

Moreover, it's important to note that there are no charges for registering on Axis Mobile, whether you're using it on your iPhone or Android devices. This commitment to providing a fee-free registration process demonstrates Axis Bank's dedication to offering a cost-effective and user-friendly digital banking experience for its customers.

For over 30 years, the principles of 'open' have guided Axis Bank's customer-centric approach in the physical world, and this campaign marks their transition into the digital realm. 'open by Axis Bank' aims to establish itself as the epitome of digital banking, providing a user-friendly and modern interface for both existing and new customers.

The 'Open 2023' campaign showcases the top 15 features of the bank's digital offerings, emphasizing a personalized, intuitive, and hassle-free digital banking experience.

This move marks the bank's transition into the digital realm while staying true to the consumer-centric 'open' principles that have been its foundation for three decades.

As of now, 'open by Axis Bank' has seen significant growth, with around 13 million monthly active users, including approximately 8.4 million non-Axis Bank customers. With a high rating of 4.8 on the Google Play Store, Axis Bank maintains a strong position in the digital banking sector, offering more than 250 banking services on their mobile app.

Axis Bank remains committed to its 'open' principles, promising to deliver exceptional and distinct digital experiences in the ever-evolving world of banking.

Axis Bank, the third largest private sector bank in India, provides a wide range of financial services to various customer segments, including Large and Mid-Corporates, MSMEs, Agriculture, and Retail Businesses.

 

They have a vast network of 5,000 domestic branches and 15,751 ATMs across India. Additionally, they operate internationally with offices in Singapore, Dubai (at DIFC), Gift City-IBU, and representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah.

They also have an overseas subsidiary in London, UK, focusing on various financial services.

Axis Bank, established in 1994, boasts a substantial balance sheet with a size of Rs. 13,17,326 crores as of March 31, 2023.

They have shown consistent growth, with a 5-year Compound Annual Growth Rate (CAGR) of 14% in Total Assets & Advances and 16% in Deposits from 2017-18 to 2022-23.

The key difference in the location of the registered and corporate offices is as follows:

 

01) Registered Office: The registered office of Axis Bank is situated in Ahmedabad, Gujarat, at the address 'Trishul', 3rd Floor, Opposite Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad, Gujarat - 380 006.

 

02) Corporate Office: The corporate office of Axis Bank is located in Mumbai, specifically at Axis House, which has received a 'Platinum' rating from the US Green Building Council for its environmentally friendly facilities and carbon emission reduction efforts.

Disclaimer: My only joy is in spreading safe ePayments. I have no connection with Axis Bank, except as a Citi Card Holder. Please note that the information provided is based on publicly available knowledge, and I do not have any official affiliation with Axis Bank.

It's essential to verify and cross-check any financial or banking information independently before making any decisions or transactions.

 

 

 

RBI UDGAM (Unclaimed Deposits – Gateway to Access inforMation) - No need to run around Individual Banks

 

          Please do not run around individual banks to search for Unclaimed Deposits. Just log into the centralized portal developed by the Reserve Bank of India and see the magic of data collation.

This user-friendly platform streamlines the process and offers a one-stop solution for all your unclaimed deposit inquiries.

Unclaimed Deposits: After 10 years of inactivity, savings, current accounts, and term deposits become classified as "Unclaimed Deposits" and are transferred to the Reserve Bank of India's "Depositor Education and Awareness" (DEA) Fund.

Despite awareness efforts, this volume continues to grow due to non-operational accounts, unclaimed matured fixed deposits, and cases involving deceased depositors.

The RBI has introduced a centralized web portal, UDGAM (Unclaimed Deposits - Gateway to Access inforMation), allowing individuals to search and claim these deposits across multiple banks to address this issue.

Unclaimed Deposits, which encompass stagnant balances in savings or current accounts for a decade or unclaimed term deposits beyond their maturity date, are reclassified as "Unclaimed Deposits." Banks subsequently channel these funds into the "Depositor Education and Awareness" (DEA) Fund managed by the Reserve Bank of India.

Importantly, depositors still retain the right to reclaim these deposits, complete with any accrued interest, at a later date by liaising with the banks where these deposits were initially held.

Surprisingly, despite ongoing public awareness campaigns conducted by both banks and the RBI, the total value of Unclaimed Deposits continues to rise.

This surge in Unclaimed Deposits primarily arises from the failure to close inactive savings or current accounts, as depositors no longer intend to use them, or the non-submission of redemption claims for matured fixed deposits.

Furthermore, cases often involve accounts belonging to deceased depositors, with the nominated individuals or legal heirs failing to come forward to make a claim at the concerned banks.

An account qualifies as an Inoperative Account (10 Years and Above) or an Unclaimed Deposit if there has been no activity (apart from interest credits and service charge debits) for ten years or more since the last operation.

 

To address this issue, the RBI has introduced a centralised web portal named UDGAM (Unclaimed Deposits - Gateway to Access Information). This portal facilitates the search for unclaimed deposits across multiple banks, enhancing depositors' access to such data and employing AI tools to optimize search results.

The RBI's overarching objective is to protect depositors, ensuring that newer deposits do not become unclaimed, and unclaimed deposits are returned to their rightful owners or beneficiaries following established procedures.

Collaborating with Reserve Bank Information Technology Pvt. Ltd. (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and participating banks, this innovative platform empowers individuals to identify and claim their unclaimed deposits or reactivate dormant accounts at their respective banks, contributing to greater financial security and transparency.

Disclaimer: This blog post aims to motivate bank account holders to reclaim their funds from their banks. Ultimately, it emphasizes safe ePayments.

 RAPIDX Tickets – Looking forward to UPI Tap n Pay

Exciting news on the horizon: Prime Minister Narendra Modi is set to inaugurate RAPIDX, India's groundbreaking regional rapid rail service, later this month. As per two well-informed officials, a 17-kilometer-long priority section of this service is expected to open its doors to the public in the very near future, possibly during the second half of October.

 

This particular segment boasts five stations—Sahibabad, Ghaziabad, Guldhar, Duhai, and Duhai Depot. All construction work at these stations was wrapped up by June this year, signaling their readiness for operation.

 

RAPIDX, a game-changer in the realm of transportation, distinguishes itself from traditional metro and railway systems. It caters to passengers seeking to travel longer distances with fewer stops and at higher speeds. With a design speed of 180 km/hr and an operational speed of 160 km/hr, it offers an average speed of 100 km/hr, ensuring rapid and efficient regional transit. Incredibly, it will take only 60 minutes to cover 100 kilometers.

 

UPI Tap n Pay is poised to revolutionize the way consumers make payments with its innovative approach.

 

Under the Phase 1 development, several key corridors are being established:

 

Delhi – Ghaziabad – Meerut Corridor

Delhi – Gurugram – SNB – Alwar Corridor

Delhi – Panipat Corridor

The RRTS network, once fully operational, promises world-class commuter transit services characterized by safety and reduced travel times, thanks to its high-speed (160 km) and high-frequency (5 to 10 minutes) operations. For non-stop journeys, this technology allows travelers to cover distances of 100 kilometers in under 45 to 50 minutes. Additionally, the project ensures seamless connectivity with Indian Railways, Inter State Bus Terminals (ISBTs), airports, and the Delhi Metro, making it convenient for all categories of travelers.

 

The estimated 82-kilometer Delhi-Meerut Corridor is a vital link connecting Delhi to Uttar Pradesh. It will not only benefit the region but also facilitate the connection of numerous townships and economic centers already planned along this corridor.

 

To add to the excitement, an Rs. 227 crore contract was awarded on December 24, 2021, to Datamatics Global Services – AEP Ticketing Solutions (DM-AEP-26A JV) for the EMV-based open-loop Automated Fare Collection (AFC) system for the Delhi – Meerut RRTS Line (Package 26A). This innovative line will offer QR code ticketing (digital and paper QR codes) and EMV open-loop contactless card ticketing in line with NCMC (National Common Mobility Card) standards. Travelers can conveniently purchase QR code tickets from vending machines, ticket booths, or digitally via the NCRTC's mobile app or website. Business Class passengers will also enjoy the privilege of access to the executive lounge and boarding the Alstom trains.

 

The Hybrid Annuity Model (HAM), a pioneering approach for AFCs in India, introduced tenders for this package in May 2021. The future of regional rapid rail travel in India is fast approaching, promising an efficient and advanced commuting experience.

UPI Tap n Pay is poised to revolutionize the way consumers make payments with its innovative approach. With this groundbreaking service, customers will enjoy the convenience of swiftly completing transactions by simply tapping Near Field Communication (NFC) enabled QR codes at merchant locations. This user-friendly method not only accelerates the payment process but also enhances the overall shopping experience, saving valuable time for busy individuals.

 

However, the most distinctive and exceptional feature of UPI Tap n Pay is its independence from the necessity of an internet connection. 

In an age where digital transactions often hinge on stable connectivity, this service breaks the mold by ensuring that payments can be made seamlessly even in areas with limited or no internet access. This remarkable feature guarantees reliability and accessibility, making PI Tap & Pay a game-changer in the world of payment solutions. 

Whether you're in a bustling city or a remote location, this service empowers you to make secure payments without the constraints of an internet connection, truly putting control back in the hands of consumers.

  

Disclaimer: The official RAPIDX Ticket prices have yet to be released, which means that this article is still a work in progress. The bottom line Safe ePayments. Nothing More – Nothing Less.