DIGITAL PAYMENT SYSTEM IN INDIA – PATHWAY TO DIGITAL INDIA
DOI:
https://doi.org/10.62737/7h71af15Keywords:
Digital India, Cashless Economy, NPCI, TechnologyAbstract
Indian economy is becoming a cashless economy even before and after the time of covid-19. Also, various methods and tools for making digital payments have evolved a lot since the establishment of NPCI. Nowadays even small shopkeepers, street vendors are accepting the option of digital payment. Apart from this, overseas markets currently accepting UPI payments include Singapore, Malaysia, UAE, France, Nepal, UK, Mauritius, Sri Lanka. In the present paper, the digital payment system in India has been studied in detail. Major tools and methods of digital payment system, benefits of digital payment system and future challenges are studied. The information for the present study is obtained from secondary data. Mainly the information has been obtained from the website of Digital India, NPCI and research papers done in this area. At the conclusion of the current investigation, it is evident that there are advancements observed in diverse tools and techniques of Digital India.
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https://csc.gov.in/digitalIndia
