Left Navigation

Modes of Digital Payments

Modes of Digital Payments

Unified Payments Interface (UPI):

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” (P2P) collect request which can be scheduled and paid as per requirement and convenience.

Bharat Interface for Money (BHIM):

Bharat Interface for Money (BHIM) is a mobile app for easy and quick payment transactions using Unified Payments Interface (UPI). User can make instant bank-to-bank payments and pay and collect money using Mobile number, Bank a/c and IFSC code, Aadhaar number or Virtual Payment Address (VPA).

BHIM has the facility to scan & pay through QR code. User can check transaction history and can also raise complaint for the declined transactions by clicking on Report issue in transactions.

BHIM is available in 20 regional languages (English, Hindi, Marathi, Tamil, Telugu, Malayalam, Oriya, Punjabi, Gujarati, Marwari, Haryanvi, Bhojpuri, Urdu, Konkani, Manipuri, Mizo, Khasi, Kannada, Bengali, Assamese) for better user experience.

Users can also make transaction using from their feature phone as well by dialling *99#.


UPI 123PAY is an instant payment system for feature phone users who can use Unified Payments Interface (UPI) payment service in a safe and secure manner. Feature phone users will now be able to undertake a host of transactions based on four technology alternatives. They include calling an IVR (interactive voice response) number, app functionality in feature phones, missed call-based approach and proximity sound-based payments.

UPI Lite:

“UPI LITE” offers a wallet in BHIM-UPI app for an amount of up to ₹2,000 on a smart phone, eliminating the need for the user to first obtain electronic authorisation from his/her bank while making the payment, offering the user better experience in terms of improved speed and transaction success rate.

Cards (including RuPay Debit Cards)

Debit Cards, one of the many payment modes, are issued by banks that allow individuals to purchase items at physical stores through Point of Sale (POS) devices or e-commerce marketplaces. RuPay Debit Cards, developed by National Payments Corporation of India (NPCI) was launched by the Government of India to allow individuals to make payments digitally. To get a RuPay debit card, you can reach out to your bank and ask them to issue you one.

Immediate Payment Services (IMPS):

Immediate Payment Services (IMPS) is a real-time interbank electronic fund transfer service capable of processing person to person (P2P), person to account (P2A) and person to merchant (P2M) transactions. Individuals can make payments 24x7 using their mobile number, Aadhaar number, bank account and IFSC code. Users can access IMPS through multiple channels such as mobile, internet, ATM and SMS.

Aadhaar Enabled Payment System (AePS):

Aadhaar Enabled Payment System (AePS) is a bank led model which allows online interoperable financial inclusion transaction at Point of sale (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. AePS allows you to do six types of transactions, the inputs required for a customer to do a transaction Bank Name, Aadhaar Number, Fingerprint captured during enrolment.

Banking Services Offered by AePS

  • Cash Deposit
  • Cash Withdrawal
  • Balance Enquiry
  • Mini Statement
  • Aadhaar to Aadhaar Fund Transfer
  • Authentication
  • BHIM Aadhaar Pay

BHIM Aadhaar Pay enables Merchants to receive digital payments from customers over the counter through Aadhaar Authentication. It allows for any Merchant associated with any acquiring bank live on BHIM Aadhaar Pay, to accept payment from customer of any bank by authenticating customer’s biometrics.

To be able to affect the same, merchant should have an Android mobile with BHIM Aadhaar app and certified biometric scanner attached with mobile phone/Kiosk/Tablet on USB Port or Micro-ATM/POS, mPOS. Both Customer and Merchant should have their Aadhaar linked to their Bank Account.

Bharat Bill Payment System (BBPS):

Bharat Bill Payment System (BBPS) is a one-stop platform that provides an interoperable and easily accessible recurring and bill payment service to consumers via multiple channels like Internet Banking, Mobile Banking, Mobile Apps, UPI, etc. Users are able to bill payments across various categories including electricity, gas, water bills, telecom, DTH, etc.

National Electronic Toll Collection (NETC) FASTag

NETC FASTag provides an easy and convenient digital payment mechanism for toll payments. This is an interoperable solution available to individuals nationwide. With the use of Radio Frequency Identification (RFID) technology, the FASTag device allows for making toll payments directly while the individuals vehicle is in motion.


e-RUPI is a person and purpose specific, contactless and cashless digital payment solution. It can be issued as a prepaid QR code or SMS based electronic voucher which can be used by the Government/Private organizations for delivery of a specific subsidy or welfare benefit to the targeted citizens. The beneficiaries will be able to redeem e-RUPI voucher without a card, digital payments app or internet banking access, at the merchants accepting e-RUPI, simply by showing SMS or QR code.This contactless e-RUPI is easy, safe, and secure as it keeps the details of the beneficiaries completely confidential. The entire transaction process through this voucher is relatively faster and at the same time reliable, as the required amount is already stored in the voucher.

Unstructured Supplementary Service Data (USSD) / *99#:

*99# is a USSD based digital payment and banking service. Customers can avail this service by dialing *99#, a “Common number across all Telecom Service Providers (TSPs)” on their mobile phone and transact through an interactive menu displayed on the mobile screen. *99# service is currently offered by almost all leading banks & all GSM service providers and can be accessed in 13 different languages including Hindi & English.

Key services offered under *99# service include:

  • Interbank account to account fund transfer
  • Balance enquiry
  • Mini statement besides host of other services