E-PAYMENT: A CASE STUDY OF UNIFIED PAYMENT INTERFACE

PRAKASH K; NAVEEN S; SUNIL S

E-PAYMENT: A CASE STUDY OF UNIFIED PAYMENT INTERFACE

Authors: PRAKASH K, NAVEEN S, SUNIL S

Unique Paper ID: 169239
Volume: 5
Issue: 11
PageNo: 772-776

Keywords: Digital India Retail Payment UPI NPCI and Retail digital payments

Abstract:
Demonetization and the Digital India initiatives, the Indian banking industry has been working hard to make digital payments more widely accepted. In order to achieve paperless and cashless economy, the Unified Payment Interface (UPI) presents a potentially groundbreaking method for transferring money through a virtual payment address created by the National Payment Corporation of India (NPCI). Therefore, it is essential to evaluate its capacity to aid in the attainment of a digital economy. The use of mobile payment facilities by smartphone users, financial institutions, and especially banks has been facilitated by the proliferation of smartphones, technological advancements, and efficient internet communications. This paper aims to analyze the growth and development of the Unified Payment System (UPI) in retail digital payments over time. The research was conducted by examining various secondary data sources. Research has shown that the expansion of digital payments has risen notably, particularly within the retail payment industry utilizing the UPI platform.

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Cite This Article

ISSN: 2349-6002
Volume: 5
Issue: 11
PageNo: 772-776

E-PAYMENT: A CASE STUDY OF UNIFIED PAYMENT INTERFACE

Available:https://ijirt.org/Article?manuscript=169239

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