• Dr Surekha S Yendigeri

The payment system in India has undergone a transformative journey from traditional cash-based transactions to the widespread adoption of digital wallets. This paper explores the evolution of India's payment systems, tracing the transition from cash to digital modes of payment. It examines the factors driving this shift, including technological advancements, government initiatives, and changing consumer behavior. The study also analyzes the challenges and opportunities presented by digital wallets in the Indian context. The findings suggest that while digital wallets have significantly enhanced convenience and financial inclusion, there are still hurdles to overcome, such as cybersecurity concerns and digital literacy.

Payment System, India, Digital Wallets, Cashless Economy, Financial Inclusion, Digital Payments

" The Evolution of Payment System in India: From Cash to Digital Wallets ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 5, page no.98-100, May-2018, Available :http://www.jetir.org/papers/JETIR1805A17.pdf

" The Evolution of Payment System in India: From Cash to Digital Wallets ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 5, page no. pp98-100, May-2018, Available at : http://www.jetir.org/papers/JETIR1805A17.pdf