Payment Gateway Facilities Has Eased The Process For The Individuals

By Author: Shilpika Ponnappa
Total Articles: 428
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The changing scenarios of the world, everything seems to transform from fast to fast and furious as the years pass by. The invention of newer technologies, the evolving market, the greed to make something better than the last, the desire to win the race in various fields and the demand to earn more to live with more luxuries than others, has taken the mental conditions of the human race a toll. Everyone wants everything in seconds, though they understand certain things do take time, but that very thought washes off with the present demand and greed in the minds. Especially, technology has improved so much that individuals no more go out of their house to shop or even for window shopping, they can just do that all online now. Individuals go online and visit various websites and scroll through the available products in the market, and select the ones that they need and buy them online with their credit cards. They just provide their card details and the products are bought online and sent it to them within days. Basically, people these days have become lazier than before. But on the other side we need to cherish and be proud of ...
... all the available facilities that is developing in our country, that, it’s making its mark in the world map amongst the other developed countries with all the present amenities.

Payment Gateway facility offered by financial institutions to its account members is nothing less than a boon offered to them, since it is an internet based facility, using which one can now pay online merchants by debiting their selected Bank accounts, i.e. one can pay from their debit accounts to the merchants, individuals shop from. This easier route of paying up bills, shopping and conducting various finance related activities has improved the transaction activity, which lacked in the yesteryears. Individuals had to earlier walk up to the bank and withdraw cash to do the various activities, which can be accomplish in today’s generation with just some clicks. If one desired to donate certain amount to orphanages or other institutions, they had to waste their time walking up to the bank and standing in the queue waiting for their turn to withdraw money and later had to go to the institution to pay them, or they would sign a cheque with the amount written on it and hand it over to the institutions, which they had to en cash and it would take few days for the money to finally reach their hands. The entire process is cut down, to, individuals directly depositing certain amount into the account of the institution they prefer to donate, which the institution could en cash it within few minutes of depositing. This payment gateway facility availed by banks to its customers has eased the approach for many, with regard to many aspects.

Shilpika Ponnappa,
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