Introduction Banks are the backbone of the modern financial system and play a pivotal role in the economic development of a country. A bank is not merely a financial institution that accepts deposits and grants loans, but also an essential component of the economic structure that facilitates trade, investment, and development. It serves as a…
Introduction India’s financial ecosystem has undergone a remarkable transformation in the last decade. The shift from a predominantly cash-driven economy to a digitally empowered one has been fueled by innovations such as Unified Payments Interface (UPI) and other digital payment mechanisms. UPI, launched by the National Payments Corporation of India (NPCI) in 2016, has emerged…
Introduction In the modern world, digital payments have emerged as a transformative force, reshaping the financial landscape. The advent of digital financial services has created unprecedented opportunities for financial inclusion, enabling millions of people worldwide to access banking services that were previously unavailable to them. Digital payments facilitate economic participation, enhance financial literacy, and empower…