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Srishty Anand

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Digital payment platforms such as UPI, mobile wallets, and online banking have rapidly transformed financial transactions and payments in India towards a cashless economy. While digitization has enabled convenience, accessibility and growth, it has also brought complex legal implications surrounding privacy, security, consumer rights and regulatory gaps. This study comprehensively analyses the legal landscape governing digital payments in India across dimensions of regulatory frameworks, data privacy, consumer protection, anti-money laundering and taxation. It examines the existing laws and regulations including the “Payment and Settlement Systems Act 2007,” directions by regulatory bodies like RBI, as well as emerging issues due to fintech innovations. The research identifies limitations, challenges and threats arising from the increasing digitization of payments. It aims to provide recommendations focused on modernizing outdated regulations, enhancing consumer safeguards, balancing innovation with risk management and coordinating between regulatory authorities. The study intends to cover the multifaceted legal aspects of digital payments in India and contribute insights into strengthening this rapidly growing system by addressing risks and bridging regulatory gaps. The key objectives are to analyze the current legal and policy infrastructure, identify issues and gaps, and provide suggestions to promote safe, inclusive and innovative digital payment ecosystems aligned with global best practices.


Digital Payment

Legal Implications

Regulatory Frameworks

Consumer Protection

Data Privacy

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