Abstract

India is a largest country, though the fastest development of technology, peoples purchasing power also increased. Nowadays, payments are made through digitally. Here, payer and payee both use digital modes to send and receive money. This way of payment is also called as e-payment (Electronic Payment), which means transfer of money from one account to another through digital mode such as mobile phones, computers, etc. Nowadays, several banks offering online banking facilities to their customers. Most of the peoples used e-payments for their better transaction, and also it becomes an alternative payments of physical transactions. But they faced lots of problems due to lack of trust and requires little literacy, so the government should takes steps to provide awareness programs for the usage of the e-payments and to make necessary steps for minimize transaction cost.

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