• RENU DEVI

The present era is entering into a new pace in payment system by using digital wallets filled with coupons and offers. As revolutionary change has taken place in our financial setup with digitalization of the payment system. Cash Less (Transaction) Economy helps to combat black money, corruption, counterfeit currency and terror financing. After the demonetization, the Government of India intends to move towards a Cash Less Transactions through Digital India. The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. As E-Payment Systems have received different acceptance level throughout the world, some methods of electronic payments are highly adopted while others are relatively low. This paper is aimed at analyzing and increasing awareness about various issues and challenges of electronic payment systems and offers some solutions & precautions to improve the E-Payment System quality. The study was based on Primary Data collected from 150 individuals from kurukshetra city, India and consist some facts of Secondary Data. Samples were from different age group has been taken. In addition to, the study was confined to the countless problems that are faced by people during ONLINE TRANSACTIONS which could help them to overcome the problems. A Questionnaire technique included both close ended and open ended questions, Face-to-Face Interview and Suggestions have been taken for effective elicitation of data from the respondents. The result of the study showed that lack of awareness and training are the major reasons of less adoption of E-Payment System.

Digital wallets & Signatures, Encryption, Secure Electronic Transaction Protocol, Demonetization, Unified Payment Interface, Payment Gateway

"Challenges of Indian E-Payment System", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.668-677, April-2019, Available :http://www.jetir.org/papers/JETIR1904191.pdf

"Challenges of Indian E-Payment System", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp668-677, April-2019, Available at : http://www.jetir.org/papers/JETIR1904191.pdf