Information and Communication Technology (ICT)
8.31
2.
Banking Gateway:
E-commerce plays a vital role in
the banking sector, facilitating inter-bank transac-
tions and creating unified banking gateways.
3.
E-Governance:
The
Government
of
India
has
embraced total online transactions for tax payments,
phone bill payments, loan EMI payments, and more.
Payment Mechanism in India
This has been discussed under regulatory authorities and
methods.
Regulatory Authorities
1.
Reserve Bank of India (RBI):
As India’s central bank,
the RBI regulates the financial system and oversees all
payment systems in the country.
2.
National ...
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