With the invention of Online Banking, you can now make payments instantly from the comfort of your home. Whether you plan to send money to your loved ones this festive season or pay for a surprise gift, it can be possible with a click of a button.
Remember when you used to deposit cheques to pay utility bills, only often to miss the due date? Thanks to technology, it has become history. You can now consider using a payment app to pay bills, taxes, Insurance premiums, Loan EMIs, shopping, and mobile plan recharges, and receive the following benefits:
Anytime, anywhere payments
Log in to the payment app and make instant payments anytime at home, work, or elsewhere. It eliminates the need to physically visit any payment centre for bill payments and saves a lot of time and effort. You can pay all your dues before the due date while avoiding late fee payments.
Enhanced security
Banks have multiple security measures to ensure every online payment you make is fully secure and protected. A two-factor authentication system secures every bank transaction. Apart from your password or CVV, you are also asked to enter a 3D secure PIN, Card PIN, or One-Time Password, which the app sends to your registered mobile number or e-mail ID, to complete the transaction.
Mobile access
Among the biggest advantages of Online Banking is mobile access. Many banks now have mobile apps or exclusive official websites for mobile devices. These options provide the flexibility of on-the-go payments, which comes in very handy, especially if you do not have time to visit the provider’s branch for bill payments.
Track payment on the go
Whether you are trying to stick to a budget or checking when you made the last bill payment, the ‘track your transactions’ feature is one of the most important benefits of Online Banking. Once you log in, you can track all your past online transactions, including payments and transfers. You can filter the statement by date, month, or year, eliminating the need to visit your bank to get entries done in your account passbook.
Gift vouchers and other offers
The bill payment app offers promotional deals for shopping, food orders, dine-ins, and other transactions. It allows you to save money and enjoy various other benefits every time you use the app.
Speed
You can send money to your friends, loved ones, and other vendors and pay for shopped items in a few taps. Your smartphone becomes your wallet, eliminating the need to carry physical cash everywhere.
Points to note
The details are not stored in the app or shared with others whenever you pay using your Credit or Debit Card. Protect your transactions with a four to 12-digit password for enhanced privacy and security.
Conclusion
Digital payments are appealing to customers. It simplifies many tasks that you manage daily. Besides quick and easy setup, it enhances the user experience.
