Digital Payments Growth Factors
Some reasons why it makes sense to adopt digital payment methods are:
- Convenience and Speed: The most basic reason why one should go digital is the sheer ease it brings. Numerous forms of digital payments hasmade it more convenient – paying bills online or on your mobile, buying a public transport ticket with an e-wallet or using a tap-and-pay card for a purchase – has all been reduced to a matter of seconds. Digitally, you can pay for anything down to the exact paisa vis-à-vis shuffling for exact change.
- Security: Payment regulations in India are governed by a forward-looking, yet cautionary body ....
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