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Published in:

Volume 7 Issue 3
March-2020
eISSN: 2349-5162

Unique Identifier

JETIR2003099

Page Number

639-643

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Title

A STUDY ON THE ELECTRONIC SYSTEM PAYMENTS IN INDIA

ISSN

2349-5162

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"A STUDY ON THE ELECTRONIC SYSTEM PAYMENTS IN INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 3, page no.639-643, March-2020, Available :http://www.jetir.org/papers/JETIR2003099.pdf

Authors

Abstract

Abstract : Technology has inarguably made our lives easier. As the nation of 1.25 billion people attempts to move to a less cash economy, the role of regulating authorities has become more intense in framing the laws relating to protect the data privacy and financial details of individuals in the country. RBI and banking institutions are building more secure future with less digital theft and online fraud by adding a layer of protection to our online accounts. The study has been conducted to answer the question how technological advancements in e- payment modes is shaping the future of e-payment in India? Paper includes and explains recent technological up-gradations by RBI and banking institution, like EVM chip and pin technology, data localization, rupay, and tokenization aimed at preventing the data breach and protecting customers from online predators. Further on the basis of above advancements, the future growth of electronic payments has been analyzed.

Key Words

Technology, Data localization, Tokenization, Rupay, EVM chip & PIN technology.

Cite This Article

"A STUDY ON THE ELECTRONIC SYSTEM PAYMENTS IN INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 3, page no. pp639-643, March-2020, Available at : http://www.jetir.org/papers/JETIR2003099.pdf

Publication Details

Published Paper ID: JETIR2003099
Registration ID: 229470
Published In: Volume 7 | Issue 3 | Year March-2020
DOI (Digital Object Identifier):
Page No: 639-643
ISSN Number: 2349-5162

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Cite This Article

"A STUDY ON THE ELECTRONIC SYSTEM PAYMENTS IN INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 3, page no. pp639-643, March-2020, Available at : http://www.jetir.org/papers/JETIR2003099.pdf




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