Digital Payments System in India

The conception of Information and Communication Technology (ICT) has brought a paradigm shift around the corporate and government sectors concretely in the banking sector. As a result all the business icons politicians bureaucrats academicians and every citizen of the country want to reform the transaction of banking sector ascribing to one’s own boon on digital products and quick transactions.  At this moment technologies sow the seeds of digitalization in the banking sector a decade before in the form of internet banking. Hence the system of banking transaction opened the doors for digital payments. Now it is the right time for digitalization not only for the banking sector but also to introduce the word digital payments to all the sectors especially agriculture and allied activities. For complete digital transformation every citizen and various stakeholders has to be acquainted with knowledge of using digital devices for digital payments which is the crucial element for digitalization and to be familiar with the different modes of digital payments. In this book the author focuses on evolution of digital payments..