A STUDY ON THE DIGITAL PAYMENT PLATFORMS OF NPCI

Abstract

Cash less India" is the new mantra of the Indian Government.   Cash less economy is a system where the circulation of physical currency is very minimal. It is absolutely challenging to implement this in a country like India where cash is the primary mode of transactions. At the same time the transformation is definitely possible as Indians' adapt to techno transformation quickly.  The digital revolution that India is facing is tremendous.  Most of the Indians including the rural ones have access to mobile phones and internet connections which makes them a digital citizen. Government has initiated National Payment Corporation of India with an aim of achieving its dream of cashless India by bringing various digital payment options under one roof.  Special training programmes, awareness camps, workshops are conducted by government in partnership with various organisations. The Government has also initiated digital payments within its frame work.  Individual citizens, find it easy to use the digital platforms for payment as it is convenient and time saving. This paper aims to explore the digital payment platforms available through NPCI in India and the usage of the same.