Before the invention of paper, gold was the accepted means of exchange. Then came cash - the prominent medium. Now, things have changed. When was the last time you made a payment with cash? With the advancement of digital payments, you can now make payments with a few taps on your smartphone or via the swipe of a card. Customer preferences, whether for practical reasons, security concerns, or simple convenience, have moved away from cash.
If you're still an avid cash user, joining the cashless movement is never too late. If you're an HDFC Bank accountholder, here is a list of alternative payment options for you.
Cashless payment methods powered by HDFC Bank
Debit card - Debit Cards or plastic money give you accessibility and ease of transaction. With one quick swipe or tap, money is quickly debited from your bank account. There's no need to hunt for exact change or round-off transactions; simply use your Debit Card and pay.
Credit card - Similar to a Debit Card, Credit Cards allow you to make any size purchases with a single swipe or tap. Forget about carrying wads of cash to buy your new smartphone or counting change when you purchase groceries. Choosing a digital payment mode is so much more convenient! (Besides ease of use, you can also get rewards or other schemes, which means lower credit bills.)
UPI - One of the latest methods of online payment, UPI allows you to transfer money from one bank to another in real-time. With just a few details and a few taps, you can send money to anyone, anywhere in the country! What's more, it's extremely safe and easy to use.
PayZapp - PayZapp lets you make digital payments for different offline and online services without using your debit or credit card. Once you download the app and register, you must link your bank account, load money, and you're all set!
FlexiPay - You may be itching to get your hands on a device of your choice or want to go on a dinner date with your significant other, but you hold back due to a lack of funds. Not anymore You can depend on options such as FlexiPay - a "buy now, pay later" service. Whether it's a romantic dinner for your better half, toys for your kids, or retail therapy for yourself, FlexiPay lets you enjoy yourself in the moment, while offering the freedom to make the payments at a later, more convenient date.
Benefits of FlexiPay
With the FlexiPay option, you can enjoy the following benefits:
Easy, convenient, and fast - If you're looking for a quick and convenient way to pay, FlexiPay is your best bet. It takes only a couple of minutes to set up, and you can use it in-store or online. As an invite-only product, FlexiPay is available to pre-approved HDFC Bank Debit Card holders, which means no time or effort spent on an approval process. Unlike a Credit Card, there's no approval process. Selected pre approved customers are eligible for FlexiPay if you have an HDFC Bank Debit Card. You can purchase an item and make your payment within minutes and you’re done.
Flexible repayment - The repayment is flexible and suits multiple needs. You can pick from a period that varies from 15 days to 90 days based on your needs.
Quick access to a line of credit - Whether it is mobile accessories or luxury purchases, you have access to a line of credit that will come in handy when you need it.
Anywhere, anytime access - You can access this instant line of credit anytime, anywhere. The facility is available 24x7. Selected pre-approved HDFC Bank customers are approved for credit up to ₹20,000. No matter what tenure you choose, there are no EMIs. You are permitted to pay an interest amount as monthly instalments and the principal amount on the last day of the selected tenure. It is a bullet repayment process.
Variety of uses - No matter what you decide to purchase - footwear, apparel, bags, headphones, etc., you can use FlexiPay. HDFC Bank's tie-up with multiple vendors ensures a frictionless process that's hassle-free and helps you meet your desires.
It doesn't matter if you're low on cash, keep your shopping list ready and pay with FlexiPay, a service only provided by HDFC Bank. You can enjoy everything you need without stressing about money! Sign up today and enjoy a plethora of benefits.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. FlexiPay Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.