The digital transaction grew up to 88% in volume.

Indian goverment has planned a platform for Digital Transaction to pan India with the facility of “anytime anywhere” banking

In India to promote digital transaction they started RuPay debit cards are issued to JAN-Dhan account holders under Pradhan Mantri Jan-Dhan Yojana (PMJDY). 31.17 crores RuPay debit cards have been issued to PMJDY accounts.

RBI and Banks have taken many steps to promote and create awareness about digital payments in rural areas. government has taken many facilities for customer to use digital transition in banking.

through this government has made a growth in digital transaction to 88% in volume during the last 3 years.

India is own platform by National Payments Corporation of India (NPCI) is UPI. Its one of the best choice, most trusted and favorite digital platform choice. its has grown to 4 times hgh in last 3 years with 22 billion transaction registered Also, AePS inter-bank transactions during FY 2020-21 registered a 9-fold growth, over the past 4 years.

To prevent digital transition from frauds

Goverment has created the Unique Identification Authority of India (UIDAI) issues the Aadhaar numbers to the Indian’s and provides authentication services for establishing identity of the individual.

• UIDAI provides for various modes of authentication namely
  • biometric (which includes fingerprint, iris),
  • One Time Pin-based (OTP) and
  • demographic authentication.

These can be used in a single factor or multi-factor mode. Any user agency/ department can opt for one or a combination of these modes depending upon their security/ risk assessment of their respective systems.

NPCI, RuPay Debit and Credit cards are used at both domestic and international payment gateways. These international and domestic transactions are facilitated by NPCI’s International network partners and domestic tie-ups. In addition, acquiring banks also have their own payment gateways that work with RuPay cards.