India has
encountered massive digital development as the online payment system was
launched for a more secure customer experience. The South East Asian country
has reported a rise in the practice of digital payments following the years after the
pandemic outbreak. According to the Reserve Bank of India (RBI), numbers have shown digital payment
processing has increased by the end of last year.
With the booming of the cashless payment
alternatives, India has not spared making huge technological advancements to
fit the era of a digital economy. In order to keep this innovative trail of
financial progress, according to Amitabh Khandelwal, the General Manager of
Payment & Settlement Systems, RBI is to live up the challenge of effectiveness
while adapting the e-payment services to several commonly used appliances such as smartphones,
androids, l-pads, laptops and more!
Indian
currency placed on the laptop keyboard
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