Chapter 20Emerging Trends of AI and Digital Transactions Replacing Plastic Money in India
Jeevan Venkata Sai Gollapalli, Saransh Kalambele and Anurag Jain
Woxsen University
Hyderabad, Telangana, India
Ezendu Ariwa
University of Wales Trinity Saint David
Wales, UK
DOI: 10.4324/b23404-20
20.1 Introduction
The Internet was introduced in 1986 in India. The internet was made available only for research and educational purposes. Then, in 1996, digital payments through banks were introduced and HDFC, CitiBank, and Induslnd banks were the banks that took initiative to introduce this in the market. They were the early adopters of the market and made digital payments available by 1999. Before digital payments (such as debit cards, credit cards, and ...
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