1. – Maharaja Agrasen University Baddi, Solan, Himachal Pradesh, India.
| Received
13-Dec-2021 |
Accepted
- |
Published
13-Dec-2021 |
Abstract
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With the advent of technology development and improving digital experience, electronic payments globally are being adopted at an outstanding pace. Even with increasing concerns over data privacy and security, the trend is expected to continue, over the course of development and adoption, electronic payments had a tremendous effect on various sectors like banking, Tourism, Hotel Industry etc. These sectors had affected in various ways. The use of digital payments for everything from groceries to utility bills to cab fares to fee payments, etc. across demographically diverse people, has seen a colossal rise due to the virus’s fear.
With the advent of technology development and improving digital experience, electronic payments globally are being adopted at an outstanding pace. Even with increasing concerns over data privacy and security, the trend is expected to continue, over the course of development and adoption, electronic payments had a tremendous effect on various sectors like banking, Tourism, Hotel Industry etc. These sectors had affected in various ways. The use of digital payments for everything from groceries to utility bills to cab fares to fee payments, etc. across demographically diverse people, has seen a colossal rise due to the virus’s fear.
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