A PANORAMIC VIEW ON THE DIGITAL PAYMENTS SYSTEM IN INDIA

Online payments have grown sharply in the past few years and the payments industry in India is expected to grow to US$ 700 billion in 2022. The pandemic gave a strong boost to the Indian online payments industry and increasingly more users are switching to online modes every day. With In India online transactions started around the 1980s with the launch of credit cards. The country saw a huge growth in awareness the number of mobiles phones and Internet users and the number of online payment mode users. With growing demand newer businesses and applications came into existence.On the whole this book mainly concentrates on the online payments system and its different forms in India.