5 Ways To Pay With Your Mobile Phone

The reign of cash as the primary source of transactions is on the decline, particularly in the post demonetization scenario. Now, the Indian populace is averse to the idea of carrying cash; instead, they prefer going cashless for the sheer convenience, flexibility and time efficiency online transactions usher in. The increasing penetration of Smartphones and internet connectivity has also contributed to the growing deluge. The ambassador of change, Smartphones cater to your peer-to-peer payments, international money transfers and personal banking needs, allowing you to go truly cashless. Whether you wish to buy groceries, get a recharge via a mobile recharge app, or send money across geographies, Smartphones keep you covered.

Let us discuss five ways how Smartphone can you make convenient transactions. After all, information is the real power, they say.

Virtual cards:

The concept of virtual cards, which has existed for a couple of years now, is slowly gaining mainstream acceptance for reasons not far to seek. As an increasing number of banks and fintech companies are trending towards virtual cards, the scope is bound to rise in the near future. The virtual card minimises card exposure while you pay, keeping your transactions obscure. Moreover, these cards are conveniently gettable. You just need to make one-time registration and the concerned bank will revert with a CVV2 number, which one can use on recharge apps or elsewhere for making safe and swift payments.

Digital wallets:

Lately, the digital transaction landscape witnessed a flurry of mobile wallets, especially after the Indian government implemented demonetization. The digital wallet or E-wallet, as mobile wallets are often referred to, bring to the table a convenient and cost-effective way to make small payments, including recharges via Mobile recharge apps. You just have to create an account on the digital wallets and recharge it via online payments. Since most of the e-wallets offer generous cashback and discounts, you can end up realising decent savings on each transaction.

Mobile banking:

Given the exponential rise in Smartphone users in India, mobile banking is the new norm. As your Smartphone has become a banking portal, you are relieved from the hassles of standing in long queues that are a hallmark of any decent bank. You can rely on a unique net banking ID and PIN to pay for purchases, send money across or receive money in a safe and efficient manner.


Unified Payment Interface, popularly known as UPI is synonymous to convenient money transfer from one bank account to the other. Herein, you are free to make merchant payments, bill payments, recharge via recharge apps and so forth from the confines of your home or office. The only requisite is a Smartphone with a stable net connection. As you need not provide any sensitive information or enter credit card details, such transactions are secure.

Payment bank apps:

The advent of payment banks is slated to be a game changer for the Indian banking system, increasing its worth and outreach manifolds. India’s first Payments bank, Airtel payment bank is planning to set up 7.5 lakh banking points in the days to come. It has also launched a flagship MY Airtel App, which is currently the swiftest, most reliable and secure way of making payments. Whether you wish to recharge your mobile account or pay for DTH, post paid and broadband services, the app keeps you covered.

Smartphones are opening up avenues for efficient and prompt online transactions for the everyday users. Since they are secure, you can vouch for any of the modes available.

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