All types of digital payment

1. BHIM UPI
• BHIM Stand for Bharat Interface for Money.
• It is mobile developed by national payments corporation of
india(NCPI) Based on the Unified Payment Interface (UPI).
• It was launched by Narendra Modi,on 30 Dec 2016.
• It is developed by 28 years old Nikhil kumar.

2. Features of BHIM
• Immediate Money Transfer
• Allow to send/receive money to UPI payment addresses,non UPI based
accounts.
• Allows to check balance transactions history and change pin.
• Can be accessed on all platforms.
• Only Money transfer between account is done.
• Transactions are done without debit card,OTP number,CVV number or
grid number.

3. mPOS
An mPOS (Mobile point of sale)
is a device which is connected
to a smartphone or tablet that
enable a shop owner or
mechant to accepts payments
through debit & credit cards or
digital wallets.

4. Features of mPOS
• Acceptence of Payment
• Issuance of Invoice
• Managing inventory
• Scan bar codes
• Email marketing
• Analytics

5. BharatQR
• BharatQR is a matrix of barcodes that has
been developed by leading payment
companies of the country -
visa,Mastercard,National Payments
corporation of india and American Express
to develop a complete digital payments
infrastructure at retail merchant outlets.
• The QRCode would be printed on a placard
at outlets for customer to scan and ppay.

6. Need for BharatQR
• The main reason for this is,it is ideal for small road side
merchants who find it tough to invest in point-of-sale
terminals for card payments.For them,BharatQR is an asset-
light and cheap payment solution.
• There is no need to invest on a terminal hardware,the
merchant just need a smart phone and a QR code printed
sticker to accept digital payments.

7. POS
• A point of sale (POS) is a place
where a customer executes the
payment for goods or services
and where sales taxes may
become payable.

8. Features of POS
• Billing and order processing.
• Sales monitoring and reporting.
• Customer relationship and experience.
• Employee management.
• Loyalty programs and gift cards.

9. Payment Gateway
• A payment gateway is an e-commerce application
service provider service that authorizes payments
for e-businesses. Example: Online shopping carts
• Terms which are related to payment gateway
• E-commerce
• Web service
• Payment process