Digital banking currency_v1 - copy

PowerPoint Presentation

Click Next to ContinueDigital Banking and CurrencyThis module covers the following topics:

Digital CurrencyConcept of Digital BankingUPIE-WalletsOnline BankingOther Payment AvenuesConclusion

Welcome to the module on Digital Banking and Currency.

Digital Banking and Currency1

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This is a topic cover page. Digital CurrencyDigital Banking and Currency

Various types of payment trends under digital banking are debit and credit cards,net banking, E-wallets, digital currency (bitcoins, etc), social media sites paymentsand more. In the wake of the demonetization wave in India, consumers are taking tonew payment platforms such as Unified Payment Interface (UPI), Immediate PaymentService (IMPS), etc. NetbankingShow the reference images on screen along with the labels.Mobile Banking

Digital Currency

CardsClick Next to ContinueDigital Banking and Currency3

Digital currency can be defined as an Internet-based form of currency ormedium of exchangedistinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and transfer-of-ownership. Commonly used Digital Currencies are crypto currencies, virtual currencies and more.CurrencyDigital CurrencyDigital CurrencyShow the reference images along with the labels.

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Show the reference image along with the label.Virtual Currency is any currency that is not printed on paper or stamped into metal. It's virtual because it only exists in the virtual world. Virtual currency potentially can represent physical currency.

Virtual Currency

Virtual Currency Any currency that is not printed on paper or stamped into metal.Click Next to ContinueDigital Banking and Currency5

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Cryptocurrency is both digital and virtual currency that is created based on some cryptographic algorithm. No one "mints" this currency, they solve cryptographic algorithms using hardware and electricity to get the representation of one unit of value, typically called a "coin". Bitcoin, Litecoin, and altcoins are some examples of crypto currencies.Different Types of Virtual CurrencyCryptocurrency is both digital and virtual currency Created based on some cryptographic algorithmBitcoin, Litecoin, and altcoins are some examples of crypto currencies

Different Types of Virtual CurrencyClick Next to ContinueDigital Banking and Currency6Show the reference images along with the labels.

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This is a topic cover page.

Digital BankingDigital Banking and Currency

Recreate the image as shown. Digital banking, also known asinternet banking,e-bankingorvirtual banking, is anelectronic payment system that enables customers of anyfinancial institutionto conduct a range offinancial transactionsusing the electronic medium. Introduction to Digital Banking

Digital BankingClick Next to ContinueDigital Banking and Currency8

Please design this slide as a hotspot click and reveal activity. There will be 6 hotspots on the image which on click will display the given content.

Reference:

Advantages of Digital BankingOne in every four web users is banking online today. Thats 73000000 people. Digital banking is becoming the preferred choice with every passing day.

Click each part to learn more.


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Evolution of Digital BankingShow the background image and the OST.Digital banking has become an irresistible business trend across the globe. Consumers are becoming more and more comfortable with using mobile and Internet channels for banking services. This usage is increasing at an average of more than 35 percent in the past three years. Correspondingly, a drop was noted in usage of branch banking at 27 percent.

Consumers are becoming more and more comfortable with using mobile and Internet channels for banking services.Digital Banking and Currency10a

Evolution of Digital BankingShow the background image and the graph building up over it along with the captions.At a few leading banks, nearly 20 percent of key product purchases are completed online; at an average of about 25 percent of pre-purchase decision-making and 40 percent of post-purchase servicing is conducted through mobile or Internet devices. 1030402020 percent of key product purchases are completed online25 percent of pre-purchase decision-making happens online40 percent of post-purchase servicing is conducted through mobile or Internet devicesDigital Banking and Currency10b

Other InstitutionsShow the reference image and the OST as shown on slide.The increase in online banking activity has gained the attention of institutions outside that of traditional banking industry. A variety of institutions now provide banking services such as prepaid credit cards, pay-day loans, business loans and check cashing services to consumers for a fee.

Prepaid credit cardsPay-day loansBusiness loansCheck cashing servicesThe increase in online banking activity has gained the attention of institutions outside that of traditional banking industry.11aDigital Banking and Currency

Other InstitutionsShow the reference image along with the OST.Online services similar to those provided at banks are also available to customers. Services provided by these financial institutions are not subject to the same government regulations as traditional banks and credit unions. Lets learn in depth about the various trends in digital payments!

Online services similar to those provided at banksClick Next to ContinueDigital Banking and Currency11b


UPIDigital Banking and Currency

UPICreate composition as shown. The four tabs will appear along with the OST.

On clicking the tasb, the text and image will appear as shown on next slide.Click each tab to learn more.What UPI does?How to download a UPI application?How to use UPI?UPI was launched byNational Payments Corporation of India withReserve Bank of India (RBI) vision of migrating towards a 'less-cash' and more digital society. UPI has built on theImmediate Payment Service(IMPS) platform.

Click each tab to learn more.UPI was launched byNational Payments Corporation of India withReserve Bank of India (RBI) vision of migrating towards a 'less-cash' and more digital society.

Who provides UPI facilities?Digital Banking and Currency13a


UPITab 1 content displayed."Unified Payment Interface" (UPI) enables all bank account holders to send and receive money from their Smartphone without the need to enter bank account information or net banking user ID/ password.

"Unified Payment Interface" (UPI) enables all bank account holders to send and receive money from their Smartphone No need to enter bank account information or net banking user ID/ passwordWhat UPI does?How to download a UPI application?How to use UPI?Who provides UPI facilities?

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UPITab 2 content displayed.Users can instantly download a UPI app such as iMobile, PhonePe or Pockets and create their own Virtual Payment Address (VPA) such as xyz@pockets or xyz@icici to start using UPI.

Users can instantly download a UPI app such as iMobile, PhonePe or PocketsCreate their own Virtual Payment Address (VPA) such as xyz@pockets or xyz@icici to start using UPIWhat UPI does?How to download a UPI application?How to use UPI?Who provides UPI facilities?

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UPITab 3 content displayed.For using UPI, users need to create a Virtual Payment Address (VPA) of their choice and link it to any bank account. The VPA acts as their financial address and users need not remember beneficiary account number, IFSC codes or net banking user id/password for sending or receiving money.Users need to create a Virtual Payment Address (VPA) of their choice and link it to any bank accountThe VPA acts as their financial address Users need not remember beneficiary account number, IFSC codes or net banking user id/password for sending or receiving moneyWhat UPI does?How to download a UPI application?How to use UPI?Who provides UPI facilities?

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UPITab 4 content displayed.Currently, 29 banks provide UPI-based services with a vision towards a Cash less society.

Currently, 29 banks provide UPI-based servicesWhat UPI does?How to download a UPI application?How to use UPI?Who provides UPI facilities?

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Benefits of UPIPlease design this screen as three flip cards as shown, which on click, will flip and display respective content as provided in next slide.Simplified (Single click 2FA)Universal App for PaymentsLeveraging existing infrastructureSecurityPayments basis Single/ Unique identifierOpportunity to tap C2B segmentOpportunity to tap E-Commerce and M-Commerce

BanksMerchantsLets now learn more about the benefits of UPI.

Click each card to learn more.

Seamless fund collection from customers using Virtual AddressNo Risk of storing customers virtual address like in cardsCan tap customers not having credit/debit cardsSuitable for E-Commerce and M-Commerce4Single click 2FA facility to the customer leading to seamless PullIn-app payments (IAP)

Increased privacy as customer will not have to reveal their personal details like Mobile number/Account number. Funds can be transferred with just the virtual address.Using Pull request, cash can be replaced in many cases such as Bill split sharing/cash on delivery etc.Single click 2A makes it easy to transact by just entering M-PINPull request can be generated both in Web interface (Desktop) and mobile interface (App)Payments can be done by providing only one identifier like Mobile number/ Aadhaar number/ Virtual address.

Click each card to learn more.Digital Banking and Currency14aEnd Users

Benefits of UPICard content displayed.Simplified (Single click 2FA)Universal App for PaymentsLeveraging existing infrastructureSecurityPayments basis Single/ Unique identifierOpportunity to tap C2B segmentOpportunity to tap E-Commerce and M-Commerce

BanksMerchantsLets now learn more about the benefits of UPI.

Click each card to learn more.

Seamless fund collection from customers using Virtual AddressNo Risk of storing customers virtual address like in cardsCan tap customers not having credit/debit cardsSuitable for E-Commerce and M-Commerce4Single click 2FA facility to the customer leading to seamless PullIn-app payments (IAP)

Increased privacy as customer will not have to reveal their personal details like Mobile number/Account number. Funds can be transferred with just the virtual address.Using Pull request, cash can be replaced in many cases such as Bill split sharing/cash on delivery etc.Single click 2A makes it easy to transact by just entering M-PINPull request can be generated both in Web interface (Desktop) and mobile interface (App)Payments can be done by providing only one identifier like Mobile number/ Aadhaar number/ Virtual address.Click each card to learn more.Click Next to ContinueDigital Banking and Currency14bEnd Users

E-WalletsDigital Banking and CurrencyThis is a topic cover page.

E-walletsShow the reference image along with the OST.As shopping patterns continue to evolve, so does the payment platform industry that propels the former. Mobile wallet is a new concept in India that is slowly becoming popular over credit card usage. In the future, it may replace the traditional payment methods.Mobile wallet is a new concept in India that is slowly becoming popular over credit card usage. In the future, it may replace the traditional payment methods.

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What You Can Do with an E-walletReconstruct the given image and make the icons clickable. On click, reveal the respective content.E-wallet is an online prepaid account where one can stock money, to be used when required. As it is a pre-loaded facility, consumers can buy a range of products from airline tickets to grocery without swiping a debit or credit card.

Click each icon to learn more.

Click each icon to learn more.Click Next to ContinueDigital Banking and Currency17

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Types of Mobile Wallets in IndiaFind a image relevant or recreate similar one. Along with the OSTThere are various types of mobile wallets in India, such as closed, semi-closed and open depending on the type of usage and payments that can be made.

Take a look at the image to learn more about the different types of wallets and their examples.


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E-wallet ServicesFind an image relevant or recreate similar one. Its easy to get started with e-wallet services.For some sites there is no minimum amount and you can deposit an amount as low as Rs 10.You can pass on the benefits of your e-wallet to your friends and family as well. There is no chance of a decline of payment since e-wallet is a prepaid account.

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Examples of E-wallets ServicesShow the icons as provided in the reference image along with captions.Here are some of the mobile wallet companies in India such as Paytm, Freecharge, Airtel Money, Oxygen and more!


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Online BankingDigital Banking and Currency

Online BankingShow the reference image along with the caption.Online banking, also known asinternet banking,e-bankingornet banking, is anelectronic payment systemthat enables customers of abankor otherfinancial institutionto conduct a range offinancial transactionsthrough the financial institution's website or mobile application. Online banking, also known asinternet banking,e-bankingornet banking, is anelectronic payment system.

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Online BankingReconstruct the diagram along with the reference images .The online banking system will typically connect to or be part of thecore banking system operated by a bank and is in contrast tobranch bankingwhich was the traditional way customers accessed banking services.Digital Banking and Currency22b

Online BankingThe customer visits the financial institution'ssecure website, and enters the online banking facility using the customer number and credentials previously set up. Show the reference image along with the caption.

The customer visits the financial institution'ssecure website, and enters the customer identity and password.Click Next to ContinueDigital Banking and Currency22c

Types of Financial TransactionsThe types of financial transactions which a customer may transact through online banking are determined by the financial institution, but usually includes obtaining account balances, a list of the recent transactions,electronic bill paymentsandfunds transfers between a customer's or another'saccounts.

Reconstruct the diagram. Show the banking icon first and then the connecting lines and the circles one by one in synch with audio.

Online banking

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Types of Financial TransactionsMost banks also enable a customer to download copies of bank statements, which can be printed at the customer's premises (some banks charge a fee for mailing hard copies of bank statements). Show the reference image along with the OST.

Online Bank StatementsClick Next to ContinueDigital Banking and Currency23b

Mobile Banking AppletSome banks also enable customers to download transactions directly into the customer's accounting software. The facility may also enable the customer to order a cheque book, statements, report loss of credit cards, stop payment on a cheque, advise change of address and other routine actions.Show the reference image along with the OST.


Mobile Banking AppletThe same and the whole procedure can now be executed through a smartphone connected to the internet. This technological advancement is recent and growing at a very fast pace due to information technology by embracing minimalism, hiding navigation and bootstrapping the content through computer programming. Show the reference image along with the OST.

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This is a topic cover page. Other Payment AvenuesDigital Banking and Currency

Payments through Social Networking SitesPayments through Twitter and Facebook has been enabled for customers convenience, in collaboration with financial institutions. One can now send money, receive money and check their balance by just authorizing through their Facebook or Twitter ID.Show the reference image along with the OST.


BitcoinA software developer calledSatoshi Nakamoto published about Bitcoin in 2008. In 2009, Bitcoin came into existence as the first decentralized digital currency. Show the reference image along with the OST.

Bitcoin is a form of digital currency, created and held electronically.Digital Banking and Currency27a

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BitcoinBitcoin is created digitally, by a community of people that anyone can join. Bitcoins are mined, using computing power in a distributed network.

Nakamotos idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

Show the reference image along with the OST.

A two-way Bitcoin ATM in Toronto, Canada, that allows users to buy or sell bitcoins using cash.Click Next to ContinueDigital Banking and Currency27b

Understanding of BlockchainBitcoin works on the block chain technology. The block chain is ashared public ledgeron which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced withcryptography.

Show the reference image along with the OST.


Using BitcoinRecreate the given diagram.

Now, lets take a look at how Bitcoin works. You can create and have a Bitcoin wallet in your device which can be your computer or mobile phone.

As a sender, you want to pay in the form of Bitcoins to the receiver. This transaction happens through the block chain. Bitcoin wallets keep a secret piece of data called a private key, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.


Using BitcoinRecreate the given diagram.

After this validation, the amount passes to the receiver. Any transaction between sender and an individual or an institution is regulated by strict cryptography. This ensures the validity and authenticity of the transaction.


VENMO Sharing ApplicationMoney exchanging can also involve social networks. For example, Venmo allows you to pay and request money from your friends. At its core, Venmo provides a social way to pay your friends when you owe them money and don't want to deal with cash. For example, splitting a lunch bill, sending your roommate half your rent, etc. Show the reference image along with the OST.

Digital Banking and Currency30aMoney exchanging can also involve social networks.

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VENMO Sharing ApplicationA linked credit card, debit card or checking account is required to use the service. Besides initiating payments, consumers can charge friends or receive payments that can then be stored as a Venmo Balance for use at a later date or cashed out immediately to a bank account.Show the reference image along with the OST.


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PayPalThere are online payment services such as PayPal that allows individuals and businesses to transfer funds electronically. The idea behind PayPal is simple: Use encryption software to allow people to make financial transfers between computers. That simple idea turned into one of the world's primary methods of online payment. PayPal now boasts over 100 million active accounts in 190 markets worldwide.Show the reference image along with the OST.


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This is a topic cover page. ConclusionDigital Banking and Currency

ConclusionIn the recent times, due to digitisation, significant changes have taken place. The number of methods available for fund transfer are many but it is always advisable to stay updated and use the latest transactional technology as it ensures security.Show the reference images along with the OST.


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ConclusionTransactions across the country are being made now through cashless methods and mobile phones. This sort of digitisation was inevitable. The question is, Did we have to wait this long?. Today if you have learned to pay your bills through your mobile phone, tomorrow you will save the effort of standing for withdrawing cash and then standing again to pay your bill.Show the reference image along with the OST.

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ConclusionAround the world, transactions are becoming cashless. Sweden, Denmark and Norway have said NO TO CASH after analysing that 60% of the nations transactions are out of their central banks control. Show the reference images along with the OST.

NO TO CASH

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ConclusionSuch measures not only shows the changing mentality of the people but also reduces under-the-table money exchanges, illegal cash transactions and money laundering. Africa is one of the early adopters on mPayment. For example, Kenya is taking the cashless-Africa motto forward.Show the reference image along with the OST.

Kenya is taking the cashless-Africa motto forward.Digital Banking and Currency32d

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ConclusionWith the advancement in telecommunication, electronic payment systems are rapidly replacing the traditional modes of payment that involved personal contact between buyers and sellers. Digital Payments is the way forward!Show the reference images like a collage.

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Economy & Finance

Digital banking currency_v1 - copy