The term "online payment" is used for a system where the process of sending money in exchange for any valuable products as well as for any type of services is done without the actual exchange of any type of currency. This online payment systems done this type of activity with the help of a wide and excellent range of various online or digital technology and infrastructures to guarantee the security, safety, transparency and efficiency and effectiveness of valuable monetary transactions. The increasing growth in appeal of online or Digital payment options can be directly connected due to its many benefits over traditional currency trades. RBI or Reserve Bank of India is the apex and governing body for the monetary system of Indian economy. This put a great focus on security and safe without sacrificing its uniqueness or creativity. One of the main aim of this research paper is to gain more knowledge about online payment system of India and the factors that effect it along with any possible remedies for it.
International Journal of Research in Finance and Management
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