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Introduction to Digital Payment Solutions

Instructor: Team Uplift

About the course

"Digital Payment Solutions" is a comprehensive guide that explores the world of digital payments and the various products and systems associated with it. The book starts by defining digital payment as a method of conducting financial transactions electronically, without the need for physical currency or checks. It highlights the advantages of digital payments, such as convenience, speed, security, and the ability to track transactions.

One of the key topics covered in the book is the National Payments Corporation of India (NPCI) Products Suite. It delves into the Unified Payment Interface (UPI), which is a real-time payment system that enables users to link multiple bank accounts to a single mobile application. The book explains the features of UPI, its benefits, and provides a list of the banks that are UPI live members.

Another significant aspect discussed in the book is RuPay, an indigenous card payment network developed by NPCI. It provides an introduction to RuPay cards, their current volume, and highlights the key features of RuPay debit cards. The book also explores the product propositions of RuPay debit and credit cards, explaining their offerings and benefits to users.

Additionally, the book covers the Aadhaar Enabled Payment System (AEPS) and its integration with the BHIM Aadhaar platform. It explains how AEPS allows customers to perform banking transactions using their Aadhaar number and biometric authentication.

Overall, "Digital Payment Solutions" serves as a concise and informative resource for readers seeking a foundational understanding of digital payments, NPCI products like UPI and RuPay, and the Aadhaar Enabled Payment System. It provides a valuable overview of the concepts, advantages, and functionalities associated with these innovative payment solutions in just a few paragraphs.

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