With the increasing digitalization, technology has
assisted in making available numerous services on the electronic
platform. Using simplified features on the cyberspace, has
facilitated the carrying out of routine commercial activities using
the podium offered by the virtual world. Most of the business
operations no longer require physical media for their
fulfilment.
Payments online
Online payments in India are regulated by the National Payments
Corporation of India (hereinafter referred to as "NPCI")
which is the organisation for operating retail payments and
settlement systems in India. A number of e-payments platforms have
come up in the Indian market such as Mobikwik, OlaMoney, Jiomoney,
PayZapp, SBI Buddy, etc.