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@article{196171,
        author = {Mrs. Salma Khan},
        title = {A Study of India’s Payment Systems},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {no},
        pages = {117-121},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=196171},
        abstract = {India’s financial infrastructure is predominantly formed by the payment system; it acts as the backbone facilitating and connecting by performing crucial functions of monetary exchanges and transfers between the components of Indian financial system. The study examines the growth path of payment network in India over the past three years to comprehend the diverse payment network options adopted by consumers in India. Secondary data sourced from Reserve bank of India enclosing the statistics of transaction volumes and values and adoption of payment modes is used. The analysis reveals an exponential growth in digital payment with UPI emerging as the most popular payment system.},
        keywords = {Payment Network, Payment gateway, UPI, Visa, RuPay.},
        month = {March},
        }