RURAL ADOPTION OF DIGITAL PAYMENTS – OPPORTUNITIES AND CHALLENGES

A Digital payment system in India aims to produce a cashless frugality by reducing cash use. Espousing electronic deals improves effectiveness and translucency, while also fostering faster profitable growth. This study evaluates the electronic sale system in India, covering styles of digital payments, recent trends in digital deals, and the challenges of getting a cashless frugality. The study relies on secondary data sources. It shows that India still lags in electronic deals. Still, after demonetization in 2016, there has been a positive shift toward increased use of digital deals. The study recommends that the government promote and encourage both agencies and private sector service providers to ameliorate fiscal knowledge significantly.