No need to go anywhere with these new payments methods

Post the pandemic, cashless payments are given more importance. The advent of mobile apps has led to many banking and lending organisations to initiate many transactions online. Many mobile apps like Bajaj Finserv, HDFC, Google Pay have introduced monthly bill payments from the comfort of your home. These mobile payment apps enable faster and quicker payment transactions. There are many linked benefits of transacting from home, some of the top benefits include,

• ·      Saves time: Online or app-based bill payment methods are designed to save your time. You can pay all your bills quickly without travelling anywhere.
• ·      Convenient payments: Bill payments with mobile app are designed to add convenience to your life. You can easily pay your bill anytime, anywhere.
• ·         Safe and secure transactions: A mobile payment app also ensures you don’t have to thinking about cancelling a bunch of cards when you lose your card.
• ·         24x7 availability: You can pay your bill anytime, anywhere, whether you are at home or travelling, a mobile app is available 24x7 to add convenience to your life.

If you register on a mobile bill payment app, you can easily select on save card details to opt for speedy and convenient payments. You can simply login and pay bills instead of having to type in credit card or debit card information for each subsequent purchase. Some of the payment methods introduced to with mobile apps that saves your time and you do not need to step out include:

1.       Easy UPI Payments

The Unified Payments Interface, or UPI, is a digital money transfer alternative that has recently garnered a lot of traction. It's the quickest, easiest, and cheapest way to transfer money, bill payments and you can do it from anywhere and at any time. It merely takes a single click to authenticate, with your pre-chosen OTP and it only requires two factors. With UPI payment, you will not have to store or remember or save on any account sensitive information anywhere. You can also link multiple apps to your single UPI. One of such apps is Bajaj Finserv. You can easily pay your monthly bills with UPI with the Bajaj Finserv app.

2.       Quick check out with your saved credit or debit card

Many mobile bill payments apps give you the option of saving your card details, so you do not have to enter them for different checkout pages. This facilitates faster payment transactions. You can easily store your card details by selecting ‘save card details’ from the checkout page. Also, you can delete the card details whenever you want.

3.       QR code payments

You can easily opt for online payments at any retail store by opting for QR code payments. An easy and contactless payment mode, QR codes facilitate faster payments for convenience. QR codes look like barcodes and provide information about both the retailer and the payment provider. Once you scan the QR code, you can choose to complete your transaction with your credit or debit card, UPI, net banking or mobile wallet.

Read Also - What is Online Bill Payment?

4.       Wallet payments for faster checkout

Digital wallets are another fast way to process bill payments quickly for your purchases. With a Digital wallet, you will no longer have to carry your hefty wallet everywhere. You can just load your wallet with the amount and pay for your transaction easily. Bajaj Finserv has also come up with a digital wallet to add ease to your daily payments.

5.       Net banking

You can also initiate NEFT, RTGS, IMPS payments with your mobile app. Mobile apps have added more convenience to your daily bill payments. The mobile banking app enables faster and easier transactions.

These payment options are facilitated for easy and convenient bill payments of without having to venture out of your home. You can easily choose from the above options and complete your bill payment from the comfort of your home. One of the recommended applications that covers all the above payment modes and adds convenience to your monthly bill payments is the Bajaj Finserv app. With the Bajaj Finserv app you can pay all your monthly bills including your electricity, water, gas, mobile and DTH recharge, EMI dues quickly and easily. The mobile payment app is available on both iOS and Android stores.