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Loan defaults don’t all happen for the same reason. Sometimes repayments stop because income drops or a business struggles. In other cases, borrowers continue to have the means to pay but choose not to. RBI treats these two situations very differently. 
'Wilful defaulter' is used only for deliberate non-payment, and the classification tends to persist for some time.
 

Imagine you are at a roadside tea stall, looking for change to pay. The vendor points to a small QR code kept near the counter. You scan it, tap Pay, and the transaction is completed.

That hassle-free, quick payment you completed is a mobile payment. 

Every time you apply for a loan or credit card, the four credit bureaus in India run a background check. Their analysis directly impacts your loan approvals, interest rates, and credit card limits.