How often do you use online modes of payment like UPI or E wallets? Explain some known and unknown facts related to online payment on the basis of your experience. - Letsdiskuss
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Lets diskuss

@ | Updated 10 Jul, 2018 |

How often do you use online modes of payment like UPI or E wallets? Explain some known and unknown facts related to online payment on the basis of your experience.

मयंक मानिक

Student-B.Tech in Mechanical Engineering,Mit Art Design and Technology University | Posted 09 Jul, 2018

Online payment modes are used almost regularly, from ordering food to buying clothes and everything in between. UPI has made money transferring and accepting payments a matter of few clicks.
Known facts of online payment
· Easy and quick
· No hassle of standing in a queue
· Instant payment processing
· There is no trouble of maintaining cash
· Less chance of errors or delays
· Various e-commerce websites offering great discounts when online payment is done
Unknown facts of online payment
· Online or mobile payments can actually save you a lot of money as you don’t have to pay any fees
· Card details do not need to be entered repeatedly, and therefore, when traveling, all you would need is your phone and you can leave your wallet behind
· You are in full control of your finances and can manage your transactions on your own
Since the days of plastic and cash are numbered, it would be good if you started using digital wallets and UPI while shopping and sending/receiving money.