An Overview of Electronic Payment Methods: A Step towards the Digital Era

Abstract:

Information technology (IT) has altered several parts of our life: perhaps most notably, it has made digital payments simple. The Indian government required everyone to do all business transactions, whether directly or indirectly, online during the demonetization era. The general public has been switching from conventional payment methods to digital ones since they are safer, more secure, and more convenient. The Indian market has pushed the acceptance of digital payments due to the availability of cheap smartphones and simple internet connections. The current study's objective is to learn more about the many digital payment transactions that regular people use daily. Additionally, to compare them and learn about their current situation.