Abstract
• After Demonetization, the Role of the Banking sector provided an easier way of digital payment, the concept of UPI ensured a significant and cost-effective way of transferring money from one person to another. Mobile phones, Technological innovations, and In-ternet communications provided paperless Transactions. To provide an effective Pay-ment Mechanism NPCI (National Payment Corporation of India) has been established for the control of UPI operations in India. The Government of India under The Ministry of Fi-nance ensures the Potential Contribution to the Digital economy. This Book chapter shall explain the Rise and Downfall of Paytm and Its Subsidiary Paytm Payments Bank and Its Impact in India.
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