REPORT ON DIGITAL MONEY TRANSFER

Go Cashless, Go Digital…

• DATE: 2 2 / 9 / 2 0 2 1
• TIME: 4 PM Onwards
• NAME OF FACULTY: prof. S.N.Benkikeri
• VENUE: Outskirts of Gaddangeri Village,Near Tulsigeri
Hanuman Temple.
• BENEFICIARIES: Owner and workers of Tea Point ,
Gaddangeri.
• Total No. of Participants: 7 students.

From:
Prajwal M Toranagatti

USN: 2BA20CS052
Roll No.: 52 Div: A
Introduction:
“And money now moves virtually…”, Digital transactions are
defined as transactions in which the customer authorizes the
transfer of money through electronic means, and the funds flow
directly from one account to another. These transfers could be
done through means of cards (debit/credit), mobile wallets, mobile
apps, net banking, Electronic Clearing Service (ECS), National
Electronic Fund Transfer (NEFT), Immediate Payment Service
(IMPS), pre-paid instruments or other similar means.

CENTRAL OBJECTIVE:

• Person to Person money transfers.

• Person to Business, such as kirana stores, petrol stations,
recharges, e-commerce, retail.
• Business to Person as salaries, reimbursements, refunds,
claims.
• Person to Government, such as tax, public transit, public
distribution services utility.

ACTIVITIES:
As we created awareness about the digital transaction being
made by person who is known or unknown to this digital world. We
also made them to keep some important aspects of digital transfer
such as,
1. Register your mobile number at bank for regular information
by SMS for every transaction.
 2. Never share your PIN to anyone.
3. Transact at only trusted merchants.
4. While at ATM, ensure no one is looking over your shoulders.

CONCLUSION:
As history has showed us, new technology can cause
irrational exuberance that only leads to overvalued securities and
ultimately end in a financial collapse. Nonetheless, new financial
technology is not yet perfected and can be very costly. But with new
innovations and proper usage, financial technology can be the key
to successfully managing one’s money.

Photo Gallery:
-: Appreciation Letter :-

From: Shivu Talwar

Tea Vendor,Gaddangeri
Bagalkote.

To: Prajwal Toranagatti

CSE Department BEC,

Bagalkot.

Sub: In accordance with Appreciation

Dear Prajwal,

Myself Shivu T,

Here with this letter to appreciate the work of Prajwal M Toranagatti,

for creating awareness of “DIGITAL MONEY TRANSFER” and
importance of self-privacy and steps to be taken care of while
transaction.

Thank you

Yours Sincerely, Place: Gaddangeri

Date: 22/09/2021

(Sign)