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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.