One week GIAN course on Digital Payments, Technology for cashless Society

Payment is the process of transferring money from payer to payee through payment instruments, payment processing and payment settlement. An E-payment system utilizes information and communications technologies & integrated circuit card, cryptography, and telecommunications networks to transfer Monetary Values electronically.

The fundamental changes in socio-economic trends and the financial infrastructure of the nation has made it essential to move to a cashless society. The payment system is the infrastructure which comprised of institutions, instruments, rules, procedures, standards, and technical, established to affect the transfer of monetary value between all the parties.