Digital Payment Modes in India
Digital Payment
- Digital payment is a way of payment which is made through digital modes. In digital payments, payer and payee both use digital modes to send and receive money. It is also called electronic payment.No hard cash (currency notes) is involved in the digital payments. All the transactions in digital payments are completed online.
- These transfers could be done through means of cards (debit/credit), mobile wallets, mobile apps, net banking, Electronic Clearing Service (ECS), National Electronic Fund Transfer (NEFT), Immediate Payment Service (IMPS), pre-paid instruments or other similar means.
Digital Payment Modes in India
Various initiatives to improve digital ....
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