The internet payment system(s): facilitating e-commerce transactions in India
- Bihar Journal of Public Administration
- 21(2s), Jul-Dec, 2024: p.549-560
In a world of advanced technology, we fi nd ourselves adrift in a vast digital ocean, where every wave of information carries us closer to the shores of connection and understanding. India is nowhere far behind on the map. It has swiped into the future, and digital payments have become the lifeblood of the digital economy. Bytes have replaced bills, but they are not free from challenges. It’s undoubtedly a gateway to convenience, but with shadows of vulnerability. This article is an attempt to highlight the challenges involved in internet payment system regarding the reliability issues, lack of availability, complexity and regional acceptance. An attempt has also been made to focus on the study of robust legal framework that comes in handy when it comes to addressing involving security and management. - Reproduced