Cashless payments are going on throughout this world. In many countries, people are paying online or offline through mobile wallet to digital payments. In such a way, Apple and Google, which have created operating systems for smartphones, have also launched their e-payment ie mobile payment system. At the same time, in India also, people have started making payments through mobile wallet like Paytm, Mobikwik, PhonePay since 2016. In this way we are bye-bye to pay by cash. From small towns to metropolitan cities, payment through cashless payment or e-payment has been encouraged. Let’s know how Apple Pay and Google Pay are pushing smartphone users for cashless payments.

Is it mandatory to have a bank account?

To use these two platforms it is necessary to have a bank account or a credit card. However, there may be different credit cards or bank-tie ups for both platforms. It is easy to link your credit card, debit card or bank account on both of these platforms. Through UPI, you can also add a bank account to Google Pay, you can use your mobile number or use the Aadhaar number as well.

Where can I use

Through Apple Pay and Google Pay, you can transfer money from a bank account to mobile recharge, bill payments etc. At the same time, many retailers have also started using these cashless payments too. If you use smartwatch operating with Android or iOS, you can still make payments through these payment modes. For this, Smartwatch will have to double tap.

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 Mandatory to have a Bank Account

To use these two platforms it is necessary to have a bank account or a credit card. However, there may be different credit cards or bank-tie ups for both platforms. It is easy to link your credit card, debit card or bank account on both of these platforms. Through UPI, you can also add a bank account to Google Pay, you can use your mobile number or use the Aadhaar number as well.

How secure are these payment methods

Since the continuous case of online fraud cases arises, we have a question of how secure these payment methods are. So let us know that these payment methods are as safe and easy. These are saved in the name of your credit or debit card, but in turn, virtual numbers are reflected in the form of tokens in encrypted form. In such a situation, if your phone is lost somewhere then you just have to delete your virtual card number. You can not make any transactions without any PIN on Google Pay.

Will you have to pay extra tax

The service tax has to be paid in the US for Apple Pay. In India and other countries, this trend is not yet. you do not have to pay any extra taxes for Google Pay. Plus, you also get the benefit of cash back in India.goo

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