Digital Payments: Trends, Issues & Opportunities

The digital payments market in India is set to become a trillion-dollar industry in the next five years, led by growth in mobile payments which are slated to rise to $190 billion by 2023 from $10 billion in 2017-18, according to the NITI Aayog. This would present huge business opportunities for players in the digital space, according to the NITI Aayog’s

“Digital Payment: Trends, Issues and Opportunities” report released recently. This spotlight is based on the NITI Aayog’s report.

Digital Payments – Definition

  • The Payment and Settlement Act, 2007 has defined Digital Payments. As per this any “electronic funds transfer” means any transfer ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Free

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber
Articles