Affiliation:
1. C. Abdul Hakeem College of Engineering and Technology, Anna University, Chennai, India
2. University of Technology and Applied Science, Oman
3. Presidency University, Bangalore, India
Abstract
The digital revolution has changed how money moves in India, thanks to changes in how people act, government plans, and new technology. This flow has not only revolutionized Indian commerce, but has also spurred greater financial inclusion and digitalization nationwide. However, sustainable growth in digital financial transfers hinges on upgrading infrastructure, enhancing security, and continuous education efforts. The COVID-19 pandemic has accelerated the adoption of digital transactions globally, emphasizing their vital role in the modern economy. These challenges pose risks to the expansion of India's digital financial sector and could widen socioeconomic disparities. To solve these issues, everyone involved needs to work together, therefore the study will look at how digital commerce has changed in India, why digital money is important, what helps it grow, the problems it faces, how it can spread globally, and what's ahead. By handling these things well, India can use digital money to help everyone succeed.