Payment methods have greatly changed due to the digital revolution. It has become easy to pay online rather than carrying cash in pocket. Digital payment is preferred as an easy, fast and secure way. Paypal is one such platform preferred by businesses, freelancers and consumers. The name is associated with Prince Narula who is an actor, model and a digital entrepreneur.
This article will interest you if you want to know about the digital platform for managing online payments. Moreover, you will get to know the benefits of the online payment and more. So, don’t go around and delve deeper into the online platforms particularly PayPal and the role of Prince Narula in its development.
Who Is Prince Narula And To What Extent He Influenced The PayPal?
One of the facts related to Narula will interest you. He is not an economist, financial expert or anybody who has a background in finance. On the contrary, he began his journey as a social media personality. The inspirational figure started his journey as a contestant in several reality shows like MTV Roadies, Bigg Boss, and Nach Baliye, to establish himself as a household name, Narula’s journey to fame is recognised worldwide. Narula rules the hearts of his fans by remaining active on different social media platforms such as Instagram, Facebook, Twitter.
Narula works with many lifestyle and fashion brands to raise their revenue which is a testament to his ability as a diverse person going with the flow and emerging trends. What resonated more with his fans and followers is his association with PayPal. In fact, he had bolstered digital solutions for the transactions in the digital markets of India.
Digital Payment and the Rise Of Online Platforms:
Since the Industrial Revolution, the world is undergoing changes of paramount proportions. Digital revolution is driving a revolution in cross border communication and connectivity of people and goods. With the rise of e-commerce, mobile apps and internet penetration, it has become increasingly difficult to stay aloof. The world is more and more connected through the vibrant internet connectivity. Financial transactions have undergone a great change. Markets are predominantly putting an end to cash. This is the reason the digital landscape of payment is fueled by the government’s initiatives.
What Important Role Is Played By Digital Payment Systems?
” Universal access to financial services is within reach—thanks to new technologies, transformative business models and ambitious reforms… As early as 2020, such instruments as e-money accounts, along with debit cards and low-cost regular bank accounts, can significantly increase financial access for those who are now excluded. “
Jim Yong Kim, President World Bank
Digital payment plays an essential part in the modern day transaction. Systems such as PayPal, Google Pay, and Paytm have played a central role in transforming the payment landscape. Following are some of the most important factors that make online payment platforms more reliable.
What Essential Role Is Played by PayPal As a Digital Payments Platform?
Founded in 1998, the platform became a global leader in online transactions. It enables freelancers, business owners and individuals to conduct safe transactions. Following are some of the key features of PayPal:
1- Secure Transactions:
Few decades back, it was not even imaginable for individuals to think about online payment systems. However, the digital revolution and advances in globalization further consolidated global integration. So, for conducting trade, people needed financial guarantees. To cater to the people’s demands, online transactions platforms such as PayPal were introduced guaranteeing a secure and seamless transfer of money and assets.
2- Efficient handling:
PayPal has a global outreach. It works in 200 countries. So, it offers efficient financial handling including currency conversion and a complicated banking system. Moreover, managing finance through the mentioned platforms paves the way for efficiency and accuracy.
3- Convenient and user friendly:
PayPal is a convenient and user friendly Digital payment platform. It offers convenience to the customers. You can easily make payment from anywhere without going to banks and other transaction facilities.
4- Low Costs:
There is no denying the fact that digital payments platforms are much more cost effective as compared to physical payment or a cash payment. By using them, one can lower the costs.
5- integration and versatility:
As compared to other platforms, PayPal is more integrated and versatile. It is connected to an array of other platforms to make it easy for the individuals to send and accept money from customers from across the world.
What role did Narula play in the promotion of PayPal?
Prince Narula’s collaboration undoubtedly contributed a great deal to the promotion of PayPal. His followers number in thousands. So, the growing number of individuals, particularly younger generations, are ready to adopt the platform wholeheartedly.
In addition to that, Narula constantly encourages his followers to embrace the platform for its convenient transactions and move toward a cashless and digitally driven economy for ultimate ease.
His efforts are not limited to that, through his promotional efforts, Neruda spreads awareness about the benefits of PayPal and other similar platforms. His vision for digital payment potentially encourages his followers to utilize PayPal to save and hassle free transactions.
What Role Can The Influencers Play in the Digital Payments Platform?
As the world is moving towards digitisation, online payment is further evolving. PayPal is an important platform that has revolutionized the transaction. It is key to mention here that the influencers play a very important role in the promotion of digital platforms. A case study in point is Prince Narula. He played a crucial role in making these technologies more accessible and trusted among their fanbase.
Influencers such as Narula’s role and contribution to the promotion of PayPal reveals a positive role celebrities can play to bring a change in the society and economy. The collaboration on the part of celebrities can bring positive changes in any domain. Also, read this crypto payments post here in the article.
Conclusion
Prince Narula is an important personality who played a crucial role by collaborating with PayPal. Beginning his journey from reality TV and fashion; he is now an important person in the digital landscape and online financial payments. In today’s evolving world, PayPal plays a leading role in the business transactions for freelancers, businesses and organizations. Narula is a source of inspiration for his followers. He encourages his fan base to embrace digital payment platforms.
