Who likes waiting at the toll plazas and making a cash transaction? We live in a new-age tech world, where our logistics system is aiming to move towards decongested, contactless, and hassle-free payments.
UPI payments system has gained significant popularity to make the payment system fast, hassle-free, and the cheapest mode of transferring money.
How many times have you stepped out of your home and forgotten to carry a wallet or cash? A lot, right? We are lucky to be alive living in the arena of digital wallets. Digital (online) wallets are nothing but a convenient way to pay and transact your money using your phone instead of cash. All your money is stored in a digital bank.
In the world of taps and clicks, everything can be done on a rectangular-looking device in a blink of an eye. But does it apply even in the banking realm? Can you also open a digital savings account through just a video call? The answer is yes!
Do you recall yourself or your parents standing in the long queues of a bank to just withdraw or deposit cash? Do you remember filling up several forms to perform a simple banking activity? It is amusing how advancements in technology push a few things way in the past.
Over the years, in India, digital banking has evolved as not just a substitute of their brick-and-mortar counterparts, but with enhanced independent features.