This article has been written by FinShiksha, a firm specializing in financial education for students who want to build a career in finance. They can be reached at https://finshiksha.com and @finshiksha on Twitter

Let us start with two questions-

Imagine a day without your mobile phone? It seems almost IMPOSSIBLE!

Now imagine a day without cash? It seems QUITE POSSIBLE!

Till quite recently, cash played a very significant role in everyone’s life. However, that is not the case anymore. Yes, life without cash is possible and it would not be amiss to say that today CASH IS NO LONGER KING!

So what has changed in the way we transact that has made such a stark change in our lives?

1. Physical Presence

Cash needs to be carried everywhere and to make a payment you need to be present at the location. A BIG, BIG DISADVANTAGE of using cash!

With digital payments, that’s not even a concern. Let’s take an example that almost all of us will relate to. Before early 2000s, when we had to book train tickets, someone had to wake up early in the morning and physically be at the station booking counter to book the tickets. However, now, the tickets can be easily booked through the IRCTC website. This ease is made possible by digital payments.

2. Urgency

Some people might argue, “What about when I need cash urgently, and I  borrow it from someone to make a payment. How is it possible to borrow and pay in the digital payments world?”

Very valid question. There is a solution to this as well.

Digital payments have evolved in recent years, so much so, that it offers you short-term credit as well. Think of ePayLater, a one-time signup assigns you a credit limit which you can keep using, repaying and using again!

Now, let’s say you are booking a flight ticket through MakeMyTrip, but do not have enough money in your bank account. You can easily pay using  ePayLater credit and repay anytime in 14 days that too WITHOUT ANY INTEREST CHARGES. Hail digital payments!

3. Fast and Instant

Digital payments require much less time and effort, unlike cash. Cash has a higher cost because you need to withdraw the cash from your account and then someone needs to deposit the cash that is earned. With digital payments, that entire effort is reduced to almost zero. It’s quick and effortless. You can pay from anywhere, and can receive money immediately without any delay.

4. Discounts and Offers

Since companies save costs with digital payments, they pass on the benefits to you. Hence you will always find some or the other offer or discount attached. Another incentive to go cashless!

Who would have thought a decade ago, that internet and digital payment services would affect our daily routine to this extent. At least not us!

Does this mean that you should not carry any cash at all. Well, not really. However, life with digital payment solutions seems easier. Unless you try, you will not be able to experience the benefits. 

So, give digital payments a go and decide for yourself. We are sure that you will LOVE it!

Download the app or visit ePayLater’s website to signup.

Experience the power of true convenience!

Download App



Biswajit Datta · December 26, 2019 at 8:26 pm

I am enjoying epaylater for almost 2 years which is almost a part of my financial life . Request to introduce emi option and increase the credit period to one month

VIKASH · January 6, 2020 at 8:43 pm

I am also enjoying epaylater service .Now this is the most important part of my financial needs.its great.

Balram savita · January 6, 2020 at 10:13 pm

New account upi credit limit

Pushpendra pratap singh · January 7, 2020 at 9:01 pm

Wrong service phone number change Nahin Hota agar phone number change ho to sabse best hai

santanu bhattacharjee · January 19, 2020 at 10:52 pm

can i get loan

Chaitan hembrom · February 1, 2020 at 6:38 pm


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