Definition
Micro payments are very small transactions, usually less than ₹100, made digitally for low-cost services or products.
Examples
- Paying ₹10 for an online article.
- Buying a ringtone or digital sticker.
- Donating small amounts to a cause.
Importance
- Encourages digital use even for small amounts.
- Widens access to digital products and services.
- Helps businesses monetize in small increments.
Use Case
Content creators and app developers often use micro payments to earn from small services like e-books, premium filters, or music downloads.
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