In today’s world, cash payments are becoming increasingly rare, as most transactions are done online. For example, if you buy chocolate for 2 rupees, merchants often ask you to scan it and pay the exact amount to avoid giving a change.
Several payment apps, like Google Pay, PhonePe, and Paytm, facilitate online payments. Typically, you generate a QR code, enter the merchant’s phone number, and then enter the amount to be paid.
You will need to select one of your linked bank accounts and enter your PIN to complete the transaction. This is a standard process many people are familiar with.
However, there is a more straightforward way to make payments, especially for small amounts, without going through all these steps.
With this option, you don’t have to enter your account number or PIN. You only need to scan the QR code, enter the amount, and click the pay button. The payment will be processed directly.
This straightforward option is available in online payment apps like Google Pay and PhonePe, but many users must know it. Even those who know about it often do not use it. This method is known as UPI Payment and UPI Lite.
To use UPI, you must first load money into your UPI account, which can be done with a small amount, such as 500 or 1000 rupees.
Once funded, you can scan the QR code when purchasing items and make payments directly without requiring a bank account or PIN.
In addition to UPI, there are other methods to make payments without needing a bank account or PIN:
Prepaid Cards: Cards like Paytm and Amazon Pay can be purchased in advance. You can load money onto these cards and use them for online payments.
UPI Virtual Cards: Some UPI wallets provide virtual online shopping or payments cards.
Cash Cards or Gift Cards: Many companies offer gift cards that can be used according to your needs without worrying about account details.
Reward Points: Some apps offer rewards and cashback points to users. These points can also be used for online payments without requiring account details or PINs.
By utilizing these options, you can simplify your online payment process!