Laws regulating Digital Payment in India

Laws for Digital Payment in India: All You Need to Know

On 11th April in the year 2016, under the regime of Dr. Raghuram Rajan the then RBI governor, an alternative payment method was launched in India. This started India’s rise in the field of digitization of the financial sector of India. Since then it’s only gotten better. In the financial year, 2021-22 a total of 8193 crores of digital transactions have taken place until 20th March 2022. By the year 2026, the value of the digital payment will grow three-fold and reach the mark of one trillion. This shows the progress and development the Indian Economy has been making.
But what were the laws, rules, or policies which were formulated by the authorities that made the transition to digital payments easier?
The article explains the laws concerning digital payment in India.

Laws for Digital Payment in India: All You Need to Know Read More »