Online payment: India leading the digital finance era

 

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!

Credit: rupixen /pixabay

A laptop with a five hundred Indian bill and some rupees

Indian currency placed on the laptop keyboard


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