What's New :
ITS 2025: Integrated Test Series & Mentorship Program for Prelims and Mains. Get Details
18th September 2021 (5 Topics)

Prepaid Payment Instruments (PPIs)

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

Verifying, please be patient.

Enquire Now