Advertisements

Axis Pay


wealthymatters

Like PayPal and similar payment systems that you can operate without giving out or asking for other people’s bank or credit card details? A PayPal-like service with no fees? A PayPal-like service that allows instant money transfers and receipts ?

Now you have Axis Pay.Axis Pay is an easy to use app which you can link to any bank account, even those not with Axis Bank, to send or receive payments to anybody instantly and securely, with just your name. And all for free !!!!

Axis pay is powered by the UPI. UPI stands for Unified Payments Interface which is a platform provided by the NPCI ,i.e. National Payments Corporation of India, to facilitate inter-operability among various banks. It’s a one stop solution for multiple bank accounts ,in various banks, accessible via one app. It allows all account holders to send and receive money using their smartphones with a single identifier called virtual payments address(VPA) .VPA is a unique ID which a person must create and link to any of their bank accounts to make secure payments. This unique ID can be yourname@axisbank or mobilenumber@axisbank etc which is easy to remember. Each VPA is unique to a particular user. So there is no need to know the payee’s or payer’s IFSC code, bank account details, etc. and this makes the process less taxing on the a person’s memory. Read more of this post

Advertisements

A Colony Once Again


wealthymattersA well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash – Norbert Häring

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially. Read more of this post

%d bloggers like this: