Digital Payment: A digital payment occurs when goods or services are purchased through the use of various electronic mediums. There is no use of cash or cheques in this type of payment method. 10 Types of Digital Payment Methods in IndiaBanking cardsUSSDAadhaar Enabled Payment System (AEPS)UPIMobile WalletsBank pre-paid cardsPoint of Sale (PoS)Internet BankingMobile BankingBharat Interface for Money (BHIM) appInternet Banking: Internet banking refers to the process of carrying out banking transactions online. These may include many services such as transferring funds, opening a new fixed or recurring deposit, closing an account, etc. Internet banking is also referred to as e-banking or virtual banking. Internet banking is usually used to make online fund transfers via NEFT, RTGS, or IMPS. Banks offer customers all types of banking services through their website and a customer can log into his/her account by using a username and password. Unlike visiting a physical bank, there are time restrictions for internet banking services and they can be availed at any time and on all 365 days in a year.