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Prepaid Payment Instruments (PPIs)

  • Published
    18th Sep, 2021

The digital payment ecosystem has evolved and seen robust growth in India, but its impact has not been the same on everyone. Analyze. (250 Words)

Approach:

  • Introduce by giving a statistic on digital payment adoption in India. Give few examples of new modes of digital payments like PPI, UPI, etc.
  • Discuss why digital payment’s spread has been uneven like the rural-urban digital divide, lack of financial literacy, etc.
  • Enumerate efforts made by the government in promoting digital payments
  • What more needs to be done and Way forward
  • Conclusion
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