Abstract
Today India faces one of the foremost challenge is financial inclusion. As of 2014 approximately 53% India’s population has access to formal financial services. Since then the Govt of India has step into taken several initiative’s which are significant towards including a greater percentage of India’s population within the umbrella of formal financial services. In this regard, the most notable initiative being PMJDY has undertaken a commendable task of opening 25.68 crores bank accounts approximately. The present study was asses to digital payments role in
Indian economy and based on the Findings, the paper provides several recommendations and managerial insights which are believed to alleviate the exclusion problem in Indian Scenario.
Keywords: Digital Payments Role, Different modes of Digital payments, Issues and challenges
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