1. SUBMITTED BY---ROHIT SINGH MEENA (243)
MANISH KUMAR (245) AND
AVINASH SINGH (372)
B.COM (HONS.), SECTION-2ND
2ND YEAR , HANSRAJ COLLEGE

2. As the world is rapidly changing people are finding new technology to easier their daily
life and for make them more comfortable. Every thing is converting into digitalization and
digital world where every thing is connected to each other.
The internet is a global network of inter-connected. Devices , where one device can be
connected to another device in any portion of the world. Internet is available in all major
villages , towns, cities, of almost all country.
As the internet is spread the uses of internet is also , now even you can book anything
from small products to large products.
Digital
payments
Entertainment
Mobile
commerce
Net banking E-commerce
Social
networking
Chatting
News and
journals
Large volume
of
information

3. Digital payment system is a payment system in which the payer, payee, or both use an electronic
medium in a payment transaction. In this system payment is done through internet connection.
Digitalization is changing the payment landscape fast with new transaction types, payment
methods, channels and technologies.
The explosive adoption of smartphone and mobile internet in India has fuelled the growth of
digital payment industry further.
In 2014,India is going to take down a barrier of digital payment industry’s growth rate of 40% and
the industry will touch a mark of INR 120,120 . Last year the industry outgrew to INR 85,800 Crore
(US$ 14.3 billion), according to the latest IAMAI report titled INR 85,800 Crore Digital Money.

4. DIGITAL
PAYMENT
SYSTEM
DIGITAL
WALLETS
DIGITAL CASH
ONLINE
STORED VALUE
SYSTEM
DEBIT/ CREDIT
CARD
SMART CARD
SYSTEM
It refers to an electronic device that allows an individual to make
electronic commerce transactions. bank account can also be linked to
the digital wallet.
Digital Cash refers to a system in which a person can securely pay for goods or
services electronically without involvement of bank to the transaction.
Stored value system are a form of electronic payment technology. They coexist
with credit and debit technology and principally target the low value transaction.
These cards are mostly using for online shopping . These types of card was
generated to make payment easier and more convenient for online consumer.
Smart card has a small microprocessor chip embedded in it . It is also used to
store money which is reduced as per usage. Example-SIM card , metro card.

5. Digital Cash refers to a system in which a person can securely pay for goods or services electronically
without necessarily involving a bank to mediate the transaction
Electronic money is broadly defined as an electronic store of monetary value on a technical device that
may be widely used for making payments to undertakings other than the issuer without necessarily
involving bank accounts in the transaction, but acting as a prepaid bearer instrument.
Important properties of a Digital Cash system
Security: The most important feature of a Digital Cash system is that it should ensure a high-level of security
through sophisticated authentification techniques, Which means it should not be copied or reused by the
payer, the payee or anyone else.
Anonymity: It should be able to maintain the anonymity of the person, i.e the transaction carried out should
not be traceable.
Portability: The use of such a system should be independent of the location. The transactions can be carried
over computer networks and into storage devices and vice versa.
Tranferability: The user can spend the money received in payment without having to contact a bank for
authentication
Divisibility: This allows the digital cash to be sub-divided into smaller denominations and the customer can
choose to spend only a part of it.
User friendly: Both the payer and payee should be able to use it with ease which would make it widely
acceptable.

6. Digital Cash
Identified Digital Cash Anonymous Digital Cash
Online identified
digital cash
Offline identified
digital cash
Online
anonymous digital
cash
Offline
anonymous digital
cash
Online digital cash
means interacting
with a bank, either
via a modem or
network, in order
to transact with a
third party. These
transcation can
easily be identified
identified offline
digital cash, the trail
can always be traced
and the bank will
always know who
bought what, where,
and when. And if the
bank knows - the tax
man does too
For Online
anonymous digital
cash blinding
signatures are used
.this is done by
multiplying the
message by secret
numbers called
(blinding).
anonymous digital
cash can only be
traced if the digital
cash is duplicated
and spent. If this is
not the case then
the original spender
cannot be
determined

8. Near-field communication (NFC) is a set of communication
protocols that enable two electronic devices, one of which is
usually a portable device such as a smart phone, to establish
communication by bringing them close to each other.
For this the concept of radio frequency identification(RFID)
Now what is RFID so, it is a technology that does communication
through radio waves, that exchanges data
Between an electronic tag put on an object and a reader.
Modes of operation
Active mode Passive mode
Active—Both initiator and target device
communicate by alternately generating their own
fields. A device deactivates its RF field while it is
waiting for data. In this mode, both devices typically
have power supplies.
Passive—The initiator device provides a carrier
field and the target device answers by
modulating the existing field. In this mode, the
target device may draw its operating power
from the initiator-provided electromagnetic
field, thus making the target device a
transponder.

9. STRENGTHS
1.Liquidity
2.Mobile
3.Time saver
4.Security
5.interactive
WEAKNESSES
1.Fragile
2.Exhaustible
3.Cyber breach
4.Identify theft
5.Untraditional
OPPORTUNITIES
1.New markets
2.Cell carriers
3.e-wallats
4.New security measures
5.Personalised fair information practices
THREATS
1.Laws and regulations
2.consumer privacy and data security
3.Consumer freedom
4.payment data scraping
5.Limit phone usage
SWOT
ANALYSIS OF
NFC

10. ULTRACASH was launched in october 2015 by IIT banaras hindu university .It enables the consumers to
simply pay the retail merchants from their mobile without loading money. At the cash counter, just reach
for your phone and place it near the Merchant's phone! The App will account for all credits, cash-backs,
discounts and make your bill. All you have to do is press 'Pay'.
Ultracash is a winner in the mbillionth award 2016
UltraCash is based on patent-pending technology developed in India. It uses very high frequency and
inaudible sound waves for data transfer between two mobile devices. As the technology uses the phone’s
speaker and microphone, it works on all phones there is no need of any special hardware. In other words
the technology makes NFC (near field communication) based payment possible from smart phones
irrespective of the model and make.
TECHNOLOGY
Security
Ultracash's set up, software and security framework are certified as PCI-DSS compliant . The Payment Card
Industry (PCI)- Data Security Standard (DSS) ensures that all data inside Ultracash application is handled
with the highest level of security standard and practices available in the industry. Ultracash is also validated
by the leading banks and security audit agencies for it's data privacy, protection and security. The payment
authorization is as per RBI guidelines and provides the maximum protection to the payer with two factor
authentication.

11. Ultracash is secure, convenient and reliable. It is an all-in-one payment solution that allows you to use your mobile phone to
make payment at restaurants, retail stores, cabs – pretty much everywhere you go.
Its next-gen features:
• no wallet, cash or card
• no need of transfer money to phone wallet
• quick & fast and easy to use
• locate and talk to merchants
•Get credit, offers, loyalties.
• support all major banks and cards
• no need of internet
• recharge the mobile
• pay bills
• works on all smart phones

12. People wants that their life should be easier so, they adopt new technology and new methods
to reduce their work . Digital cash is the future generation cash because everyone is converting
towards digitalization and people need comfort.
They uses net banking , e-wallets, ultracash , paytm, mobiquick and other apps so that their
transaction quality , security and comfortability can be increases.
there are three principal drivers which are influencing this innovation in consumer payment:
1).Advances in technology and adoption of mobile device
2).The imperative for businesses to respond to the needs of their consumer.
3).Regulatory Pressures
Ultracash want to remove wallets that’s why they advertise that “ultracash is here to replace
wallets with your phone. All you need is your phone! Live the ultra life”
It can be possible that in 50 years everyone will have just their phones to pay everything in
the market and wallet and purse will be forgotten.

13. • https://www.betterthancash.org/tools-research/toolkits/payments-measurement/focusing-your-
measurement/introduction
• https://www.google.co.in/search?q=digital+transaction+survey&client=firefox-b-
ab&biw=1366&bih=657&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjNy5nEn4fPAhUDwI8KHQRFAfkQ_AU
IBygC#tbm=isch&q=survey+of+digital+users&imgrc=_
• http://dazeinfo.com/2014/05/25/digital-payment-industry-india-reached-inr-85800-2013-net-banking-still-
favourite/
• http://www.tutorialspoint.com/e_commerce/e_commerce_payment_systems.htm
• http://ndcommerce.in/modes-of-payments-for-ecommerce-in-india/
• http://image.slidesharecdn.com/mis10-electronicpaymentsystem-110216032512-phpapp01/95/mis-10-
electronic-payment-system-5-728.jpg?cb=1297826774
• http://en.ecommercewiki.info/payment/electronic_options/online_stored_value_systems
• http://www.sqa.org.uk/e-learning/ECIntro02CD/page_24.htm
• https://www.google.co.in/search?client=firefox-b-
ab&biw=1366&bih=657&tbm=isch&sa=1&btnG=Search&q=ultra+cash+user+survey#imgrc=AfYA87uhmSYig
M%3A
• https://m.ultracash.com/security.html
Reference related to any data which is used in this presentation , their url are given below:-