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Payment mechanism

shilpi (student) (780 Points)

31 March 2017

In chapter 4 Business information systems payment mechanism are given but latest digital modes are missing.Can we write something about BHIM and Aadhaar pay regarding the same?

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(Guest)

No. stick to module content in ITSM & ISCA papers.

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Suresh Pai S (Tax Consultant) (1029 Points)
Replied 06 April 2017

Bhim app is used to access all internet banking accounts in one umbrella. Internet banking or other banking related service is not related to BIS and is used by us for our personal purposes.

What you need to think is that they are trying to tell the modes at which payments are accepted by the businesses.

Hence BHIM app may not be an option.

However, They haven't wrote about E Wallets. Like paytm or free charge or airtel money and so many. It is a major electronic payment method now. You can write that. We are prospective professionals. We can write above study materials. No worries. But you must be right about what you are writing. Enjoy.

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